AXIOM can trade +8 cents and here is why

NICKEL ASIA CORP "NIKL PM" listed in the Philippines has a market cap of $USD 2.6bn. Both AXIOM and NICKEL ASIA have similar resource size approx. 160mt ....although NIKL grade is sub 1% and AXIOM grade is around 1% with parts of the resource as high as 1.8%. Technically AXIOM has the better project although is less developed. Very conservatively comparing apples.... if you apply AXIOM @ 10% of NIKL market cap....this spits out $USD 260m or ruffly 8c per share. This is conservative thinking......