Stateside's Canadian Core and Barrel Shack Message Board

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Gold/Mining/Energy : Stateside's Canadian Core and Barrel Shack

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From: baystock	7/24/2016 12:25:09 AM
	of 8875

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: web.tmxmoney.com -market cap is currently under C$5 million and this use to be over $100 million in the past: bigcharts.marketwatch.com -Only 130 million shares million shares outstanding with 63% held by 3 insiders: apps.cnbc.com The 2 biggest shareholders are Chinese and my thinking is that they are looking to sell the project to a Chinese SOE. -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. -John Embry of Sprott use to like Axmin a lot in the past: stockchase.com

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