RHK 2.30% 85.0¢ red hawk mining limited

gone quite, page-49

  1. 29,977 Posts.
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    scorpio girl

    watso just having a quick look through the threads - but as to your comment about


    "45% fe? Isnt that low low grade?":

    the beauty of the ore that that axo have, is that the buyer of the product, get the iron for free, as the vanadium content is good enough, to cover the cost of buying the ore. of course vanadium prices can also plunge. .

    frankly, axo are worth having a look at, but only as a punt, but a reasonable punt. there are a lot of issues about funding etc etc - but with directors buying, and the chinese buying, then for a gambling punt, axo would be a bit better than most. watso does not hold axo, and has only responded to your question

 
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