Readings
http://www.brr.com.au/event/77242/axiom-gains-stake-in-large-nickel-cobalt-project-dr-tony-parry-senior-resource-analyst
http://solomontimes.com/latest-news.aspx
http://www.tradingroom.com.au/apps/view_breaking_news_article.ac?page=/data/news_research/published/2011/3/60/catf_110301_140200_9585.html
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Location - Solomon Islands (our neighbor)
50 years lease - land rights secured
Pre JORC code historical resources - 159mt @ 1.045% nickels and 0.07% Cob x 60%( the lease of land covers 60% of the deposit) x 80% of interest
Resources value = 30 billion
Infrastructure - no need, it's on an island just dig the ores up, load onto a ship and sell them to a refinery in China.
Project capex - should be very low, because no infrastructure needs and resources at surface.
Current MC 40m
Cash - 500K left
CR - could be soon but likely to be a small one (3 - 5m)
Possible takeover target
Exploration license - next
JORC drilling - next
JORC resources - By then, it will be a 300M+ company
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