mm3, yeah fair call - my point is though the synergy of BLK processing ore through their plant would be ideal for both parties. BLK can possibly produce at half the cash cost per ounce then axm... apex cash cost per ounce is $1225.00 and they are mining at about a 1000m depth,will be very hard to cut costs.. http://www.apexminerals.com.au/wiluna3d.php
BLK's Matilda mine has been mined at 60m in depth max, ore in M10 has barely scratched the surface -literally...
BLK is targeting the ore from M10 pit in 2013.
have a look at this announcement - page 4 http://www.asx.com.au/asxpdf/20111010/pdf/421nczymf1rq3j.pdf
works well both ways for BLK, if AXM are still viable BLK can process the ore through their plant - if they go under, then a tie up with BLK would be their best option for shareholders.
AXM Price at posting:
0.6¢ Sentiment: None Disclosure: Not Held
