AXO 0.00% 73.0¢ aurox resources limited

compare it with fmg gbg and sdl, page-28

  1. 4,447 Posts.
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    What's everyone's opinions about the A$ cash cost, and cost landed in China, which Gndalbie put out?

    By the maths quoted before by whoever made the 20c PS calculaions, on the same rigamarole GBG would be in the can $20 a tonne before it reached the docks in China! So clearly GBG's ore must be worth more than A$69.90/t to them, and by inference AXO's ore must be worth more than $52/t or whatever.

    And GBG at $1.80 a share is something like a $750 to $800 market cap - and its magnetite starts in 2010. AXO will be almost one whole lap in front by then.

    As i said, any thoughts?
 
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