Yes...AXO is a good stock..and I hold..but Vayama...no need to...

Yes...AXO is a good stock..and I hold..but Vayama...no need to downramp FWL. Its pathetic and plain to see what you plans are.

This is not a comp between 2 Yalgoo neighbours, and you won't attract much in the way of buyers for AXO by bullsh1ting about FWL.

Your 'sums' are way off the mark with this stock, as would be by someone who hasn't researched this stock.

$155 per tonne EBITA
1 million tonnes MPI per annum
= $155 million EBITA per annum

Capex $400 mill...much less than AXO

Current FWL Market cap is $45 mill.

I repeat $155 mill per annum for 20 years, Market cap $45 million!!!

This will be increased further as the remining 2/3 of the strike length is drilled and JORCed

For buyers now, this is a steal. Buyers today should have multiplied their stock value 4 fold, prior to any need to dilute for capex.