quarterly

i am looking forward to reading the quarterly to see how much further along we are, specifically with the EPA and confirmation of the capital costs.

hopefully there will be some news about what the MD has been doing with Merrill's in relation to the capital raising and debt issue. i cant help but think these overseas insto's would be falling over themselves to get access to a project like this at such bargin basement prices.

i was looking over AGO's magnetite project today and Balla Balla is 1000x better, high grade fe (45% vs 36%) and the all important V205 content. both will have the same resource level 1.3bt each but AXO will have a higher fe content.

i also noted how AGO stated they want to increase the output as well. AGO probably has 100mt of DSO and the magnetite and its MC is around $750m. surely investors out there can see the relative value of stocks like AXO, GBG and BCI when compared to AGO?

only a few more days to go until we have the quarterly to get an update of whats going on.