Maybe not the next Olympic Dam, but certainly has potential to...

Maybe not the next Olympic Dam, but certainly has potential to make Carrapateena look like a baby!

Oz payed $400 mill for that one... If this ore body is similar, a 25% holding for AXT would send us $1.00+ But remember the oak target is 3 times a big! So we could see $2-3.00 SP if Xstrata want to buy out the 25%. This is a long long long time away though if at all possible. If I was Xstrata I'd be making a taking over of AXT at 50-70c ASAP to make the acquisition as cheap as possible.

Very real potential here, IHAD holes already prove IOCG exists on the tenement.