So, FWL VS AXO: HEAD-TO-HEADAXO Market Cap: 93,316,507 Ordinary...

So, FWL VS AXO: HEAD-TO-HEAD


AXO Market Cap:

93,316,507 Ordinary Shares
10,157,090 20cent Oct07 Options

Fully Diluted Mkt Cap

= (93316507+10157090)*$1.17
= 103,473,597*$1.17

= $121.094 MN


FWL:

34,450,000 Ordinary Shares
27,000,000 25cent June10 Options

Fully Diluted Mkt Cap

= (34,450,000+27,000,000)*$0.76
= 61,450,000*$0.76

= $46.70 MN



SO, FERROWEST'S SHARE PRICE IS (46.70/121.094)*100

= 38.57% [FWL IS 61.43% CHEAPER!!!!!!]

OF AUROX'S


SO FOR ME IT IS A HANDS HANDS HANDS DOWN FERROWEST BY A COUNTRY COUNTRY MILE


[Plus, the options go for another 3 years whereas AXO options expire soon so you would expect SELLING WHEN THOSE OPTIONS EXPIRE IN OCTOBER SO I WOULD NEVER BUY AUROX OVER FERROWEST NOT]


If you ask ME, the CHOICE IS EASY







FWL:

112.5mt @ 96% FE when converted BASED ON 10KM OF 27KM of completed drilling

So, if 10km of 27km = 112.5mt

then 27km of 27km = (27/10)*112.5
= 2.7*112.5
= 303.75mt @96%FE


AXO:

"116.8mt @45.8% FE and 0.64% V2O5 within the BFS area"




HMM,

let me think

FWL: 303.75mt @ 96% FE
AXO: 116.8mt @ 45.8% FE

FWL HAS A 62% CHEAPER MARKET CAPITALISATION



as an earlier poster said, they are next door to each other at Yalgoo,

so for my it is an easy choice

FWL IS A MONTY WINNER


[but axo is an excellent! stock as well...but for me, FWL is much much cheaper and a far greater SHORT and LONG term investment]