nose,PMA have financial backing for their operation. They now...

nose,
PMA have financial backing for their operation. They now have $100 million in the bank. AXO have $3 million in the bank and do not yet have a BFS to deliver to anyone. PMA has learnt from their previous operations and it will result in advantages. They also obviously have political backing in WA.

It will take years before AXO have anything, based on PMA's experience.

Also there is still the question of who has most ore. None of the AXO boosters can answer the question.

Regards