Axiom meets with Gov't and Landowners, page-120

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mcfj

1,311 Posts.

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12/04/17

12:52

Post #: 24028038
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Originally posted by Io ↑

All the stuff about SMM is not very relevant to the future fortunes of AVQ. The outcome of the court case might have some impact but the biggest impact is AVQ spending what little money they have on chasing SMM. Whether AVQ makes the shareholders mega bucks or not comes down to the economics of the project and that is determined by the quality of the resource. AVQ needs to get Kolosori back as San Jorge is too low grade to be an economic project. We await the maiden JORC resource for San Jorge, but given the results from the drilling, it is likely to be around 1% Ni. The sooner this resource is released the better as then everyone can make up their own minds about the viability of San Jorge. Kolosori is likely to be better grade than San Jorge so AVQ needs it back, especially after they spent over $12M on the project. Any news on the efforts to secure Kolosori?

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Glad you said that LO, as you indicate "the future fortunes of AVQ" which I will agree with, however, SMM would be hurting at the moment, and dislike "a lot of bad publicity". That, LO is quite satisfying and relevant to those that hold.

I wouldn't be writing San Jorge off as uneconomical especially the notion it is "around 1%" however, you are right, investors need to make up their own mind.

As for Kolosori, no news apart from the Recent Announcement and past news articles and it has been very quiet, hasn't it. Loose lips sink ships, so let's allow axiom to get their job done.

Seems as though everyone has headed for cover, very quiet, but a special week, Easter is here!

GLTA

AVQ Price at posting: 14.5¢ Sentiment: Buy Disclosure: Held
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