Compare VIT to this one
VIT = $100M Market Cap...While AXM .v has a $16M Market Cap with Better Project Parameters...Over $200 Million Funding already committed. Easy 10x Bagger
Feasibility Study Snap Shot
A Robust Project - current $16M Market Cap
• Resources: 3.1 M M&I indicated oz Au (including Reserves) 1.1 M inferred oz Au
• Reserves: 2.3 M oz Au
• Open pit, valley leach, gold recovery plant
• Construction & working Capital - C$246 M
• Production: 205,000 oz Au/yr at US$484/oz in first 5 yrs 163,000 oz Au/yr at US$484/oz life of mine
• Economics: $785 M NPV 5%, after-tax and 57.8% IRR at US$1,500/oz
$1,340 M NPV 5%, after-tax and 84% IRR at US$2,000/oz
• Payback Period: 2.2 years at US$1100/oz
https://www.axmininc.com/site/Portals/0/AXM_Marketing_October_2012.pdf