Australia's largest stock trading and investment forum Australia's #1 stock forum

AVQ

Click for more information

0.00%

2.5¢ axiom mining limited

Ann: Trading Halt-AVQ.AX, page-264

First 264 Last

Share
Profile

Follow
jazzmox

8,619 Posts.

374

31/07/16

22:48

Post #: 18411978
Share

Originally posted by rusty02 ↑

Hi User,
Been reading your posts whilst landing some cracker nobbies this WE and for the life of me I don't really understand where your coming from. Your argument on Ni Lat cost a fortune to refine than Sulphides......OK... but really, at the moment...who cares. We sell our produce, we get paid and cash flow positive in the first year @ a ramp up rate to 2mtpa over the first 12 months production....win win. You might need to look at Axioms business model in relation their production, quality and market direction benchmarks. Don't really give a toss what the Chinese, Japanese or Russia dose with our sold product. DSO is our phase 1 business model.
Secondly; ref'; SMM/nickel ore pricing/China. That's Shanghai Metal Market not Sumitomo. I've notice you talk about D/D but quote med and premium ore at $20-25/tn.......might need to do some D/D buddy yourself. Have a close look at the peak of 2 weeks ago especially the 1.5, 1.6, 1.7 and 1.8% Ni categories.........and these don't include credits. This throws your argument wide open.
Lastly my "back of envolope" figure show 180mt Ni Ore derived from what we have JORCed across Kolsori and SJ combined........Comparable to Ramu.....ye!! From my reseach IMHO there will be well above 200mt overall "in ground resource"
And to obtain a JORC above 1.1% (1.3) was taken positively by my business related Colleges and Geo's.

Hi Jazz,
Still barking up the HPAL tree @ $2bn...........Many more types of better engineered tech and lower costs plants now at CAPEX of $350ml for every 500mt process nameplate. Axiom is looking at sustainable and holistic mining. HPAL would be the last and most expensive option in the Solomon's nor viable in Axioms business model. Might pay you to come to the next AGM early next year and discuss this with management in detail for your understanding.
Also getting a bit tired of the "You don't know mining like I do" post. These posts come across as insulting to all investors in Axiom. Still waiting on your resource calculation a year ago derived from the infill drill results Kolosori, Havihua, Suma ridges and why you discredited my calculations which have been right on the money. Warn you...many hours of calculations and mean AV and I expect to see seam sizes and tonnages for each grade. Then when you pass this test we can then discuss pit logistics, circuitry both on land and on water and finally sustainability both during and post mining.

Hi Barry,
"however after reading HC post I am confident that"
Please watch the hype on HC, both the negative and the positive. Your confidence need to be assured via proper ASX ANN from the company not some re-sidled vision and interpretation by others with their own agenda's.
My agenda... to see Ryan mine the Isabel project.

Hi Shane,
You need to "clock off" tomorrow. HC discussions with ignorant and undermining posters and no play will surely send you crazy. Thanks for some good insight to the situation in the Philippines....and you to Deet's...TU to both of you.

To all,
Hopefully tomorrow 's ANN will show something tangible, Invasive works to commence at SJ or/and any SIG process timelines. Exploration and Mining is what we are invested for, lets do it now, sick of all avenues sitting idle and not making money.
Good night. My fish is ready.....mmmmm

Expand

"Many more types of better engineered tech and lower costs plants now at CAPEX of $350ml for every 500mt process nameplate. Axiom is looking at sustainable and holistic mining"

LOL, I guess you and redpapa should have consulted MCC and all other nickel laterite companies who built HPAL operations.
Why didn't they have access to this secret tech? Is it being built in Area 51?

As for Incors tech, it's never been properly tested and is still small tonnage. AVQ could not afford those anyway if they will ever be commissioned.

AVQ Price at posting: 32.0¢ Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

Reply

Top Stories

GRE

Greentech finds lithium trend across 5.5 km at WA's Kobe South

AW1

American West does it again at Storm with visually identified thick copper hits at Cyclone, Lightning Ridge

LGM

Legacy shares jump on discovery of multiple epithermal veins at Bauloora JV

PYC

PYC commences new study on drug for eye condition Retinitis Pigmentosa type 11

I88

Infini soars 50% as company reveals it could’ve just made uranium history – redefining what it means to be “high grade”

There are more pages in this discussion • 66 more messages in this thread...

First 264 Last

Add AVQ (ASX) to my watchlist

SPONSORED BY