I was a former holder of AXO and am intrigued with the Balla...

I was a former holder of AXO and am intrigued with the Balla Balla project as the cost of producing was something like $20 per tonne, providing incredible margins for AGO with the capacity of producing 10million tonnes per annum.

The Capex was around $1billion (which obviously is the sticking point), all the approvals are in place and all the feasibility studies completed.

Balla Balla would have to be more attractive to investors and can be brought online much quicker than Ridley, so my question is why isn?t this a major driver with increased tonnages going forward, with all this cash flow coming in over the next few years a 50:50 JV would benefit all involved.

Just my thoughts!