Keep those AXO shares (or sell some of them to me for around 50...

Keep those AXO shares (or sell some of them to me for around 50 cents).

Peter Strachan in his weekly audio to subscribers has placed a potential value of $2.80/per share on AXO based on its current JORC 70 million net IO (reserve?).

He says AXO is undervalued compared to other Aussie IO hopefuls, and that as they prove up more IO the value will rise.

His model suggests AXO should have a market cap of $420m on the basis of that comparison.


loki