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2.5¢ axiom mining limited

Sorry, correction, they do have assets.....$666K listed (and...

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user23

3,914 Posts.

25/11/16

15:40

Post #: 20894009
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Originally posted by rusty02 ↑

Own the drill rigs. barging and setup costs were low and experienced drill team and doggers all nationals apart from the engineer, Geo and supervisor (salaries). This can bring the cost of a LOH down to $50 per meter plus salaries or even less. And LOH is bugger all 30m max.
I am working with data on a Lithium project in Canada and the diamond drilling costs with landowner expertise in drill and owning the rigs is around as low as US$35/m.
Not sure where you see a $2ml Exploration costs for this round of deliniate and infilling.

To all
Management will be looking for a speedy JORC, then leverage. PFS only needs to be amended for lodgement then MLA. Shame the holdup with the logs. Bet ya Ryan is spewing. Didn't stop the drilling though. Expect an avalanche of results once the first maiden assays have been analysed and resourced modelled. I'm hearing no issues with the transfer of logs now.
Looking forward to next week. Wind is perfect for a chat with a nobby or 3. Time to check if the boat is still afloat.
cheers and have a good WE.

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Sorry, correction, they do have assets.....$666K listed (and that is after already spending around $9M in JORC Isabel in 2014-2015)

AVQ Price at posting: 20.5¢ Sentiment: Sell Disclosure: Not Held
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