AVQ
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0.00% 2.5¢ axiom mining limited

Ann: Trading Halt-AVQ.AX, page-46

  1. user23
    3,914 Posts.
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    28/07/16
    15:16
    Post #: 18389824
    AVQ has stated their mine resources are around 20Mt of laterite nickel ore and currently given their grade, it sells around 20-25US/t so that equals 400-500M USD or 500-625M AUD or 400-475M AUD (I think royalty is 20% from memory), minus the capital expenditure for mining, how the hell is that a market capital of at least 300M AUD????
    AVQ Price at posting: 32.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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