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Old 05-13-2009, 04:54 AM   Nav to Top  #1
Rhetor
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Default AXM - Alexander Mining Company

We all know that the people who got rich in the 1849 Gold Rush in SF were the men who sold shovels to prospectors.

In my mind, AXM is roughly a similar proposition. The company has a proprietary mining technology that allows them to extract metal at a relatively lower cost than competitors. The company has a two-tranche approach. The first is to license out their technology to other non-direct competitors. This will bring in capital for further expansion and production at their own Leon copper mine in Argentina.

Relevant Articles:

Alexander Mining eyes more revenue generating deals | Reuters

AXM - Alexander Mining plc - Google Finance

Disclosure: I own shares in AXM
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