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baystock1

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baystock1

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Re: baystock1 post# 2026

Saturday, 12/11/2010 11:31:22 PM

Saturday, December 11, 2010 11:31:22 PM

Post# of 2138
http://www.axmininc.com/site/Portals/0/CARLunchOct5Handout.pdf

AXMIN – Significantly Undervalued
Why invest in AXMIN…
M&I oz / EV is US$20/oz peer average US$248
CAR risk profile overstated
Mining Licence secured covering 350 sq km
Exploration permit granted ring fences the Mining Licence which includes an additional 240km2
Competitive fiscal terms offset infrastructure challenges
Komahun proving to be next in project pipeline
Experienced management & team…
Management has extensive project development experience in west and central Africa
Passendro mining team in place for rapid development
Backing of large shareholders
Excellent JV Partnership negotiations minimize expenditure
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