AVQ 0.00% 2.5¢ axiom mining limited

Ann: Axiom granted rights to world class Isabel Nickel Project, page-27

  1. 3,672 Posts.
    lightbulb Created with Sketch. 1862
    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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