AXM - A summary for newbies to story
D1nger
Posts: 1,028
Off Topic
Opinion: No Opinion
Price: 0.1775
RE: Heard it all before.
Today 23:53 5ft, in an attempt to summarise Axm for new investors I will try with the following.
Axm and Dr Welham are the intellectual owners of Ammleach, Metaleach and Hyperleach, processes developed to extract metals from ores, sulphides and oxides using an ammoniacal process which in comparison to the standard acid leaching process used by the metal mining industry is environmentally friendly and believed to be able to extract up to 40% more product than the traditional acid leaching.
These processes have been patented in most of the major mining countries in the world including, USA, Canada, Australia, Mexico, Chile, Peru, Mongolia, China and a number of African countries.
The metals targeted are copper, zinc, molybdenum, silver, gold along with any other metal. Axm are currently in the process of developing a process for leaching Lithium and more recently vanadium.
Axm have been unfortunate in that nobody as yet has adopted their process to help prove that it works, however in August 2016 a new company called Accudo Metals was registered by investment bankers at Bluemount Capital with the sole purpose of proving the commercial viability of Axm's intellectual technology in exchange for the licence and intellectual property rights to Axm's tech in Australia.
This deal was dependant on the success of each stage of development from test work, scoping study and feasibility study. Accudo are now in the process of completing the feasibility study which is estimated to be completed just before Xmas.
Axm and Dr Welham are in the process of developing a Lithium leaching process using samples obtained from Europe, North America and Australia from which the results are due imminently.
Accudo's results are not due till Xmas or beyond.
Positives should see a significant rise in share price, and not just initially. Positive results should see an adoption of the process worldwide.
Positive news results in an unimaginable ceiling, inconclusive results. result in a sell.
Hope that helps new investors but maybe not.
