Axmin Inc (AXM.V/AXMIF) - Currently trading for PE of under 3:
-From the 2016 Q1 report: Royalty income in the amount of $457,259 has been recognized in the three months ended March 31, 2016. Over 4 quarters this works out to $1.8 million or .013 cents per share. This income is from Teranga Gold's Gora gold mine and is expected to continue for several more years: http://web.tmxmoney.com/article.php?newsid=82540801&qm_symbol=AXM
-There are no plans for further share dilution until they are ready to resume work on their flagship Passendro gold project, thanks to the over $1 million/yr royalty income stream. Passendro is a 200,000 oz per year gold mine with a Bankable Feasibility Study already completed. It is currently on hold until they can negotiate a license extension with the Central African Republic (CAR). This is only a matter of time since the CAR just completed what was widely acknowledged to be a fair election for a new president a few months back. Millions of low cost open pit gold oz in the ground must be worth something even in the CAR, with the price of gold headed back to $2000.
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