Food for thought: I don't hold AVQ but have a big red numbered...

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Gavinbell

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15/08/17

15:14

Post #: 26508429
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Originally posted by Boundary Rider ↑

Some interesting facts about Nickel and Axiom mining whilst we wait......

Nickel’s popularity, particularly among investors, will be of utmost importance as it moves beyond traditional use in stainless steel, magnets, coins, plating, alloys, castings, chemicals and into rechargeable batteries including lithium-ion batteries in electric cars.

As we know, the biggest consumer of nickel is China, and their consumption of nickel is widely predicted to rise as its economy shifts away from construction with steel and further towards consumer driven products. On top of new uses for nickel in lithium ion batteries, China’s dependence could already be enough to keep the nickel market strong in the future.

Again, as we know, there is another macro factor at play that could serve to help nickel explorers/producers looking to make an impact in the market – and that is the crackdown on nickel ore exports by the world’s leading suppliers. Between the three nickel producing countries, those being the Philippines, New Caledonia and Indonesia, it is estimated they produce nearly 80% of the laterite nickel ore globally, and almost all of the supply needed for Asia.

IF Axiom begins mining, it will produce economic nickel ore with virtually immediate access to waterways. It will take about 15 minutes on average to transport the ore to shore. At which point, they will get paid on board, raw ore leaves the Solomon Islands on a ship, and the deal is done....thanks for coming!!

It’s a solid, low capex plan for AVQ who also hope to become one of the top three nickel players listed on the ASX, with an Isabel project mine life of 20-25 years… which would mean its market cap would be so much greater than its current valuation.

Food for thought!!

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Food for thought: I don't hold AVQ but have a big red numbered holding in MCR. It has significant proven nickel resources around Kambalda in WA but has shut up shop after bleeding cash and won't resume mining until there is a significant lift in prices, which many 'experts' say could be another year, or so. Hope they wrong!

AVQ Price at posting: 25.0¢ Sentiment: None Disclosure: Not Held
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Food for thought: I don't hold AVQ but have a big red numbered...

Top Stories

BCI reaches close of funding facility for salt-first part of Mardie project

Actinogen Medical ramps up Alzheimer’s treatment trials, targeting fast-track global approvals

Solstice Minerals to ramp up drilling campaign at Yarri Gold Project

Neurotech knocked back by FDA as agency declares target condition not rare enough for special status

Buxton projects new graphite province discovery at WA Narryer play

Week 40 Wrap: China's nonsensical stimmy hype wanes (shocking!); HotCopper's picks; oil & inflation

Recce eyes Indonesia for novel anti-infective as Indo-Aus ties grow stronger

Cokal upgrades infrastructure for BBM ramp-up in Indonesia

Coda Minerals (ASX:COD) enters rights issue to further exploration in South Australia

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