tipping point, page-66

I am a previous holder of AXM. I sold when try had road/ access upgrade issues some time back and am a current holder of BLK.

I would like to get a feeling of what impact the Wiluna mill share agreement with BLK has on AXM cash-flow which could obviously do with a boost.

I have not seen what the charge is to BLK under the mill share agreement.

AXM cash-flow forecast est processing costs in the order of $18m per qtr which I presume would be largely fixed costs.

Question is at what toll fee and volume does the mill share deal become a significant benefit to AXM..

For instance would a processing toll of say $300 oz at projected annual volume of 30,000 - 70,000 oz ($9-$21m) from BLK make a significant difference difference to AXM when they have annual processing costs in excess of $72m + additional variable costs with the added volume?

Rgds,

Barry