AXO 0.00% 73.0¢ aurox resources limited

500m value

  1. 66 Posts.
    the titanomagnetite ore is being sold at a premium with the chinese paying for the vanadium and iron units. This first stage requires modest capex for npv of about 250m.

    The vanadium plant in stage 2 is a much bigger investment and would give npv of about the same, with the new downward revision to the long term vanadium price. Axo would be the only sustainable vanadium producer at the long term low vanadium price due to its high grade, excellent metallurgy and infrastructure.

    The two stages to the project have a combined npv of around 500m, to be had incrementally. This is unusual in that the npv declines for most projects, wheras axo will increase in value as it undergoes stage 2 expansion.
 
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