"On first glance, Axiom could have a credibility problem with such a potentially large project - the so called "small company-big project" syndrome ...however, this will be ameliorated by the fact that it is likely that Axiom will have a number of low-capex, fast track options to develop this type of deposit,including direct ore shipping".
I also think this statement is pertinent:
"Reconciling Axiom's position with the recent tender process for Isabel
The Government of the Solomon Islands has recently undertaken an international tender for the development of the Isabel Project. We understand that there was something like six bids for the project from major minerals development companies. This indicated there was interest in acquiring this resource from major companies in the nickel business, and the tender did not "fall over" with no real interest in the project. This is a positive in as much as it implies that these major companies saw potential in the project".
AVQ Price at posting:
3.1¢ Sentiment: Buy Disclosure: Held
