AVQ 0.00% 2.5¢ axiom mining limited

Ann: Isabel Nickel Project Update, page-31

  1. 8,619 Posts.
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    "Mining needs finance and finance needs certainty so until approvals are sought, no one will touch us."

    You are incorrect in your thinking. It seems to be a common misconception here. I am not sure if people here have no clue about mining or just want to deceive.

    AVQ have a PL over SJ and WG. They do not need any other licenses to work on those assets. Over the past 18 months they have burned millions of dollars which could have been spent advancing those project. Before mining can commence they still need to drill, get a JORC and feasibility studies. As you say finance needs certainty. There is no chance of raising capex without a jorc and feasibility study. How much is the capex anyway? Nobody knows and no financier will take RM's word for it. Other exploration companies go through all these steps. Why do you people continue to think AVQ is somehow exempt? Oh let me guess, instos can't wait to throw money at RM once the ML is issued.

    Once again, they have a PL. They can drill and do any studies they desire just as RM promised he would do end of 2017. yet nothing. Land banking 101 and shifting the blame onto the SIG

    All this "oh but we need a ML to continue drilling and do feasibility study" is complete bs. All RM has done is waste 18 months of shareholder funds which could have been put to far better use.
 
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