AVQ
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0.00% 2.5¢ axiom mining limited

They are not going to know the entire JORC of the tenement...

  1. user23
    3,914 Posts.
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    11/10/16
    11:02
    Post #: 19766867
    They are not going to know the entire JORC of the tenement because it's not part of their strategy and they don't have the funds to do this so it will be hard for the market to put a valuation on AVQ.

    I think they will spend $3M of their remaining $5-6M cash on hand (leaving $2-3M for administration/wages) so going by Isabel they should find 8-10Mt with grades of 1.2%.
    AVQ Price at posting: 21.0¢ Sentiment: Sell Disclosure: Not Held
    Likes Created with Sketch.  Upvote
    lightbulb Created with Sketch.  Great analysis
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