There is a calculation made on AXO projects on http://wacq.wordpress.com As for as profit margins we can keep a figure of $30.00 / ton. So, if we are talking about a PE like MGX, we can see AXO @ over $ 2 Billion market capital in 2009. We know MGX rose from $0.20 to over $2.00 when they started the exports. Let's see what the future holds for AXO.