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2.5¢ axiom mining limited

Rusty if Kolosori was brought back into the fray and as you...

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210 Posts.

31/05/18

16:39

Post #: 33411289
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Originally posted by rusty02 ↑

Agree
Can't compare Sunrise, Flemington and Sconi deposits to the Indonesian belt deposits. These are over $250ml+CFPA production for each lease, Sconi could be as high as $750ml not $50ml for just DSO.
I'm surprised at the comparison. Chalk and cheese. This why I stated in my earlier posts on the lack of Metallurgies which might answer the fact that these deposits are for the S/S, Pig iron market.
Still.... at the spot price and with a ML, start production in 4 months with Kolosori and produce a ramp up of 1mt 1st year for $25ml and 2mt 2nd year for $50ml then bring SJ in the picture so not all doom and gloom. Co @ $91,000/tn must have an upside to the ore but expect for Co prices to ease as quite a few mines will come on the market so sitting around $70-80k/tn.
cheers

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Rusty if Kolosori was brought back into the fray and as you mentioned above were in fact potentially mining by Xmas... what would your market cap expectations sit for Axiom?

AVQ Price at posting: 14.5¢ Sentiment: Hold Disclosure: Held
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