avq summary

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