PMA have now done an amazing backflip, acknowledging that primary ore (like AXO's) has better economics.
This makes AXO look even stronger, it has a single massive magnetite layer of 30 metres thickness. The main rival deposit in WA at Windimurra consists of magnetite bands of 2cm to 2m thickness.
Both will be hard rock mines, and it is obvious that AXO project has a very significant advantage, in terms of size and grade and now mining cost.
AXO can easily support a market capitalisation of several hundred million if valued fairly.
Probably should move the Windumurra plant to Balla Balla and allow WA to have at least one successful vanadium mine.
AXO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
