i dont know when the drilling will be completed but i have seen AXO advertising that they expect 300mt once drilling is completed and MD said during the AGM that he expected at least 600mt.
What i am really waiting for is the financing. Once they have that then it will be off to the races because then it will become a reality and all the stupid brokers out there will start recommending it once the best gain have already been made.
I just hope the price is closer to $2 when they do the next cap raising. I would rather they just borrow the whole $600m so that the existing equity holders get all of the gains.
I mean, if it makes $480m EBIT x 7 = $3.4b / 250m shares then the price should be around $11 per share. So i would rather they gear the hell out of it.
If they then get higher FE prices and increase the output and extend the resource then this really could be a $20 stock. Even more, they would have no debt after 3 years? We might even get divs!!!
AXO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
