And you my friend should check your facts. Axiom will be considered first in line for new tenements. Secondly, while this is a laterite deposit it is wet laterite which from my understanding is far easier to extract the ore than from normal dry deposits. Either way there is s queu of buyers ready to sign contracts for Axiom DSO - fact. Re cobalt do you really think Axiom will just give this away ? I don’t think so. Re WG was mothballed because Xrata had too many other options and as we also know there was another mine that some people conveniently forget called Bougainville that caused the locals to be very circumspect about anyone mining in the area. I don’t think there is any doubt it is highly prospective along the ‘ring of fire’. And if you ask anyone in the mining game Copper will also go into short supply and its price will rebalance accordingly.
I think you are looking at any whiff of a story to play this down. Anyway we will all know the outcome very soon. Plenty of institutional investors sitting on the sidelines waiting for some clarity around mine development approval.
Aside from Syrah no other serious ASX listed nickel plays.
AVQ Price at posting:
14.0¢ Sentiment: Hold Disclosure: Held
