"I’ve really been keen on AXMIN. It’s got probably three million ounces in the Central African Republic. AXMIN is extremely well-placed, I think. It has just over 200 million shares and trades about 80 cents. But given the number of ounces it’s got in the solid resource category in Central African Republic, as well as they’ve got unfolding resources in both Mali and Sierra Leone, it’s a fascinating African play." (11/29/07)
The Gold Report Interview with John Embry, Sprott Asset Management (09/12/08)
"Going a little further afield, there's AXMIN (AXM.TSX.V). It just got annihilated. They have four million ounces in the Central African Republic. It was at $1.40 and is now down to $.15. You’re buying the people because they discovered the Geita Mine, now in production in Tanzania, which is one of the more successful mines in Africa. This is the best exploration team in Africa. They’ve got this project in the Central African Republic with a proven reserve and, then another one in Ghana and a third in the Sierra Leone, which they’re moving forward. The stock has been blasted, but they’ve got Audax Petroleum, one of the big Swiss oil companies, which owns 50% of this company, to back stop to any extent required. There's no financing risk; they have assets; and the best mine-finding team in Africa. You get all this for $30 million."
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