AXO aurox resources limited

will balla balla go in production

  1. 9,509 Posts.
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    Hi everyone,

    There are various voices saying here that Balla Balla will not be developed under the proposed merger, but would this really be the real story??

    David Flanagan has already mentioned that a combined Ridley magnetite recourse and Balla Balla going into production will mean around $250 million of savings in infrastructure cost.

    If Balla Balla is worth its money of being developed, and I think it is, imho it will happen.

    We could even see a major chinese company taking a steak in both deposits and bring them into production.

    Its still very early days guys to speculate but if balla balla is worth its money it will be developed.

    And AXO holders becoming part of AGO if all goes well, would like to have value being unlocked, which will result in higher shareprices.

    If it means that balla balla need to be put in production ot get to that higher value and shareprice, I am sure that David Flanagan will put all effort into developing that project.

    Good luck guys

    jojo

 
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