agm presentation, page-11

fitnfam,
the synergies of the two is very good just look at these two announcements from BLK and see that they would have a very cheap operational cost in terms of mining;

http://www.asx.com.au/asxpdf/20111128/pdf/422vzxty4b0b59.pdf

http://www.asx.com.au/asxpdf/20111010/pdf/421nczymf1rq3j.pdf

most of the matilda and williamson mines have barely scratched the surface, M10 pit at matilda for example was cleared and not mined at surface, M2 pit deeps - Significant zones of mineralisation extend below the current mined M2 pit up to 20-30m vertically below the old pit floor.

whoever owns it with BLK processing ore through the plant should bring a good return to AXM's processing plant.