Hi all
You can bicker about the permits, when, why and how. But from yesterdays ANN it seems a matter of time as long as SAA are acheived.
There will be support in the SP when the official PL and ML granted but the rerate for Axiom will be indicating a resource at K D and SJ that truely resembles a "World Class" resource.
At present a 5 yr JORC ( inferred and measured of 9mt saprolite) and a 1-2 year mineable LOM resource at SJ is no where near World Class.
Some good exploration results showing quantum and grade will have commodity buyers interests and also the market. This IMHO will be when we will see good gains in the SP and this management sticking to production schedules which Im looking forward to view.
Any delays on SAA or permitting NOT coming through in a timely manner, the SP will plummet. Axiom sitting idle like they have been with the exuberant cashburn these BOD have shown will kill any new found sentiments. An exploration program now will keep sentiment high and keep the SP primed when tangible news comes in.
Cheers and GL.
AVQ Price at posting:
17.0¢ Sentiment: Hold Disclosure: Held