AXE 0.87% 57.0¢ archer materials limited

It owns the land freehold that the graphite mine and processing...

  1. 7,432 Posts.
    It owns the land freehold that the graphite mine and processing plant will be on [2 sites]
    like every mining company it holds tenements of hundreds of sq klms for exploration,mining companies that is that are developed old school style by having successful explored,proved up and sold out that tenement to a Major like the sale to BHP for $8mil for inclusion in the Olympic Dam project.
    Such transactions capitalise such juniors, they don't need to go to capital raisings/placements every 3 months thus diluting their share register into 100's of millions. AXE is I think 90mil.and substantial of those are Management. Management has extensive mining experience they aren't young get ahead yuppie corporate background solicitors or overseas based English renowned stock pickers with an interest in Mazeratis.

    what else you got?

    Oh they'll be trucking only 10kt not 100/200kt of product. don't know may be wrong on that kt assuming some extraction process at mine site before trucked to further processing and bagging but never the less for 10kt and good recovery rate dust and numbers of trucks on the road will not be such a problem as for a Super Pit.

    Think that's enough hey gladioli?

    AXE is a much happier trading or rather investment. It's run by professional,experienced management for shareholders. I see as it's "neighbour"it's comparative TLG and that it's market cap potential in the next year as $100mil with no more shares added to the register that's .....well you do the maths

    cheerio pilgrim learn something every day now.
 
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Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
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