Current Guns N' Roses guitarist DJ Ashba says that Axl Rose has recorded a lot of material for a new Guns N' Roses album and believes the band will be able to produce a lot more in the near future.  Speaking to Rolling Stone Ashba says:

"[Axl Rose] has tons of stuff done [and] recorded that he's played for me and wants my input on...Axl's put together such a talented group of musicians and there are so many songs that are already worked out. So we've got a good jump on it, for sure."

Starting on Halloween, the band will perform 12 dates in Las Vegas.  Ashba believes members of the band will be able to get a lot done because Guns N' Roses will be in the same place for a month.  The guitarist is excited.  He believes the band is, "putting together what we feel is gonna be the next best Guns N' Roses record."