how cheap is it

For anyone looking for anykind of value, just compare AXO to the sale of Cape Lambert(CFE)resource.

AXO has similiar size resource of approx 1billion tonnes (once fully drilled out) at much higher grading ~ 47% FE as opposed to CFE with only ~35% FE.

CFE was able to flog this resource for $400 million AUD, whilst at under $0.50 AXO has a mkt cap under $100million plus almost $50million in cash.

Doesn't seem like rocket science to me.

Personally I'm holding almost 200,000 shares bought around av of $0.90 so bit disappointed to see the stck trading where it is but I'm def in for the long haul.