AVQ 0.00% 2.5¢ axiom mining limited

A NPV of $188M for 18 years mean they estimate a net profit of...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,914 Posts.
    A NPV of $188M for 18 years mean they estimate a net profit of $10M USD per year (which was what I got from my calculation) with 1.5% of laterite (saprolite) ore price but that means they need to find 36Mt of 1.5% saprolite deposit (which they haven't entirely JORC), their low grade 1% laterite (limonite) isn't a viable operation (as they have also indicated in their PFS), currently cost more to mine.
    Last edited by user23: 17/12/16
 
watchlist Created with Sketch. Add AVQ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.