Thx Horse for your valued time.
Yes Its my understanding as well capital will need to be inject if Axiom are to have control of 3 tenements mineral rights and move the company to a producer.
Would be music to shers ears if debt based meaning production can't be to far away. Some feasibility data and an increase JORC showing a LOM that resembles this so called World Class Resource" would be the catalyst commissioning this facility via income stream within 12 monthgs. A $50ml facility should be paid of in 3 years easily @ 2mtpa with the current Nickel prices. Demand seems to be supportive of the spot moving into the $17-18k/tn range in the next few years whilst Inventories plummet.
http://www.*****net.com/charts/metals/base/lme-warehouse-nickel-60d-Large.gif
Nickel touching $7lb for $15430/tn so DSO @ 1.5%Ni should be around $70/tn plus Co credits for the SJ deposit. Sher's can do the PA revenue maths.
cheers
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