Is anyone getting frustrated with this stock?
I am, very little news flow and poor secondary market support.
Have a look at NFE and FMG, these stocks are trading on 4-5x production EBIT with NFE the closer to AXO in terms of project dynamics.
I can't understand why NFE has a market cap over $400m while only producing 2.9mt pa with a 19 year mine life. AXO seems like a raging bargain compared to how the market is valuing some of these other projects but the share price of AXO just can't breakout and have very little support.
So the big question is when will the market wake up to this? or more importantly what news will cause this to happen?
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