AXMIN Inc. has completed a preliminary economic assessment, or scoping study, for its Komahun Gold Project in Sierra Leone. The study concluded that Komahun could be a 50,000 oz/year underground gold mine, and more if further exploration work is conducted adjacent to the known deposit. Estimated NPV at $750/oz gold is $US56 million, or US$0.228/share. (Approx. 29 cents Canadian per share.) The news release contains further details, and some pleased comments from the CEO.
Currently, AXMIN is at 11 cents, up 1.5 cents since yesterday's close on heavy volume. Bid - ask is 11 cents - 12 cents.
AXMIN's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Thursday, March 12, 2009
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