Ann: Pre-Feasibility Study for the Isabel Nickel Project-AVQ.AX, page-47

First 47 Last

Share
Profile

Follow
stockcity

1,196 Posts.

12/08/16

14:51

Post #: 18505471
Share

Originally posted by invest4it ↑

We now have a PFS done by a third party validating it as a “viable” mining project – where are all those saying it is too low grade or Axiom’s numbers are not validated by third party’s?!?! well if you have a closer look at the author of the PFS: IMC’s client list is top notch eg BHP, Xstrata Vale etc etc.

My first glance at this looking outstanding…NPV of US 188m (AUD ~$250m) so therefore shares should really be trading around 50 to 60c. However looking at page 6 at the sensitivity chart it points to the NPV rising to US363m (AUD~$500m) ifs nickel price go back to where they were just two years ago ! So lets just remember we have a project worth $250m based on nickel prices that are still near 13 year lows !

And this all appears to be from Axiom’s small amount of drilling and INCO’s data. So there for expect this to be upgraded when they start drilling on San Jorge which I believe will likely produce results like Kolosori ie higher grades below where INCO drilled (or where INCO didn’t drill deep enough).

Looking at the front page it also looks to validate Axiom previous numbers (or bettered them) eg 2.2mtpa and $11/tn for OPEX. And CAPEX has come down from US$25m to US$18m...... Still Not Viable u say??????????

Expand

Nice post invest, I always had faith in the resource just a matter of ticking the boxes. Good times ahead! Naysayers shown the truth finally haha

AVQ Price at posting: 27.0¢ Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

Reply

Top Stories

LAT

Latitude 66 Shares Surge 8900% on Promising Exploration Update

LLC

ACCC raises competition concerns about acquisition of Lendlease projects

AS2

Askari sets exploration target of up to 323K ounces Au at Burracoppin

XRG

XReality Group wins $800K contract from Aus Government for military and police VR training tech

ALK

Alkane Resources hit 57.2Kozpa gold production through FY24 – and eyeing 70Ktpa in FY26