you are all missing the strategic points and getting hung up on...

you are all missing the strategic points and getting hung up on sometimes quite arbitrary valuations.

the balla balla project is a vanadiferous magnetite.

it is selling this product to a specialist iron and vanadium producer and is the first in the door there.

at 6 mtpa the chinese will be able to exract 40,000 tpa of vanadium via hotmetal as a coproduct of steelmaking. this is a very valuable ore for them.

this action by axo will indirectly control the vanadium price irrespective of export tarrifs in china. in fact it will produce nearly 50 percent of the worlds vanadium needs before the vanadium plant is even built.

this leaves axo free to develop stage two of balla balla which is vanadium and make a market with whatever price it likes, with low opex and high grades.