AVQ 0.00% 2.5¢ axiom mining limited

this can 10 x easily with a court win, page-7

  1. 2,917 Posts.
    You could easily argue Isabel and San Jorge could fetch $1b valuation

    how much do you value 159 million tonnes at 5.42 g/t produces a conceptual total of 27.8 million ounces at 6m from surface?

    This from proactive investor

    The Isabel and San Jorge limonite and saprolite nickel deposits were evaluated by Kaiser in the 1990’s who concluded that the resources were sufficient to operate a mine for 15 years at a process rate of 2,800 tonnes per day. The historic and non-JORC resources were estimated at 159 million tonnes at 1.045% nickel and 0.07% cobalt.

    It is difficult to place a value on the nickel resources at Isabel and San Jorge as the current resource has not been defined to modern JORC standards. Assuming that the historic grade of the resource is reasonably accurate then each tonne of resource contains 22.99 pounds of nickel, and 1.54 pounds of cobalt that has a total current value of US$206.91 of refined nickel (at $9.00 per pound) and US$20.41 of refined cobalt (at US$13.25 per pound) for a total of US$227.32 per tonne of ore.

    Expressed in equivalent gold grade terms this equates to 5.42 g/t gold at US$1,300 per ounce, and converting the entire historic resource of 159 million tonnes at 5.42 g/t produces a conceptual total of 27.8 million ounces.
 
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