AVQ
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0.00% 2.5¢ axiom mining limited

re: Ann: Exclusive Agreement for World Class ... Based on 2800...

  1. rexi98
    322 Posts.
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    25/02/11
    14:36
    Post #: 7954828
    re: Ann: Exclusive Agreement for World Class ... Based on 2800 tonnes a day, and 15 year mine life, equates to about $4bn value in ground. AVQ would have 80% according to the previous announcement

    So you'd have to wonder whether they mine and sell the ore, or process it etc.

    Even with capex and regardless of their approach, if you looked at 10% return on their 80% - you're talking $320,000,000.

    Either way, currently $30m market cap so if they do nail the solomans deal then there's serious upside from here.
    AVQ Price at posting: 3.1¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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