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2.5¢ axiom mining limited

Nickel Rose again..., page-137

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maoriori

357 Posts.

140

11/09/15

13:23

Post #: 15976592
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Originally posted by rusty02 ↑

Hi again Jazz.
Last response.
Firstly I was asked to compare AVQ to SIR, even though I did provide some data to compare both companies I did say It was difficult to compare a Sulphide deposit to a Loam deposit. But you must admit AVQ are on the cusp of following SIR's footsteps.

Secondly as you have brought up SIR ;
SIR stockpile to shipping; Hundreds of Km via numerous logistics stages.
AVQ stockpile to shipping; 500 mts, one logistic stage.

Thirdly, operational costs for any underground mining in Australia will NOT compete with a shallow open pit mining in the Solomon's.

Finally, yes I do value AVQ's nickel play higher than SIR's nickel play in relation to CAPEX, OPEX, a resource containing clean Wet Tropical Loam, mineralisation to 17m with up to 3% Nickel with a large percentage being Medium and Premium grade and projected "Gross Cash Flow" negating the Stage 1 Production CAPEX costs in the first production year. Plus AVQ's "in ground resource" size is still being defined and probably still being defined for the next 50-100 years, ........But, apparently I don't understand mining so what do I know.

Time to stock the boat. I can hear the snapper's calling. Anyone coming?

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Wait for me! I'm coming too

AVQ Price at posting: 36.5¢ Sentiment: Buy Disclosure: Held
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