Maybe the threat of supply is starting to bight.
Up to $4.64lb for $1,0230/tn
http://www.*****net.com/charts/metals/base/t24_nk450x275.gif
According to the 60 day chart, if this trend continues nickel will be up to $5/lb in a couple of months.
So at $5/lb for $11,020/tn I'd say the 1.1-1.3% Ni medium grade Ore will be commercially viable for Ore shipment. That's another 6-8mt on top of our premium grade.
http://www.*****net.com/charts/metals/base/spot-nickel-60d-Large.gif
If Axiom are re-awarded Isabel back the combination of SJ and Kolosori deposits and their "in ground" value is going to re rate AVQ. Knowing Off-takes are ready for sampling and the leverage Ryan will have with funding, where AVQ re rate will form support moving forward. Icing on the cake is Axiom have strong support in the Solomon's, I wouldn't be surprised if other ventures are offered.
PS;
There you go now EST 17.53;
|
Column 1 |
Column 2 |
| 1 |
Nickel |
July 12,02:59 |
|
Column 1 |
Column 2 |
Column 3 |
Column 4 |
| 1 |
Bid/Ask |
4.6629 |
- |
4.6652 |
| 2 |
Change |
+0.1111 |
|
+2.44% |
| 3 |
Low/High |
4.5405 |
- |
4.678 |
$4.6629/lb for $$10,280/tn touched $4.68 for $10,315/tn
One hell of a roller coaster ride this investment has been.
cheers and good luck.
