AXO have only drilled a small portion of the Balla Balla target area. It would not surprise me to see them double or triple their resource size over the next 12 months. What people seem to forget about AXO is that they already have a JORC confirmed resource and offtake contracts signed.
This is so much more than most of the other IO juniors have. If you add to that the low capex required to get things up and running this really is a no brainer.
As soon as funding is secured we should see the sp reflect the project value. Now with Macquarie becoming a substantial holder im pretty confident we will not have too much trouble securing the required funding. It is most definately a buy at these prices.
AXO Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
