G'day Ron, Yes read the AXZ commentary over the years and you...

G'day Ron,
Yes read the AXZ commentary over the years and you will see how difficult it is to get one of these projects up and running in the current constrained financial markets.
They have had a hell of a time getting backing for the project and have just sacked their Chinese partners who have done little after promising the World over the past year.
I understand they are in advanced negotiations with a better construction company who have the capacity to deliver in a timely fashion. Expect some news soon.
I understand that apart from this, everything is in place to commence construction such as Fijian approvals etc.
The beautiful thing about this project is that not only is it robust in terms of Capex/opex and lifespan but can be at least doubled in size following commissioning, a fact not encompassed within the BFS.
The project is expected to be in operation by mid next year at an operating cost sub $26/t so the price of Fe is of little consequence to the viability of the project. The Fe price will however, determine how sizeable the bottom line will be obviously.
Due to the nature of the sands for specific mill users, the demand well and truly exceeds supply and the Company has been assured they will have no trouble selling as much as they can produce.
A very viable project with serious major shareholders, tightly held, which seriously has the potential over the next year to be a 4-5 bagger.