question the falling sp, page-128

I think its quite reasonable to assume those figures......what can be added to off set any dilution which may occur is other recoverable resources within the Nickel extraction Zone ...naming just 1 Gold..also adding any other Tenements Axiom own that they may farm out in Australia .....most people pin all their calculations and investment based on Isabel / San-jorge.....so add Australia/Vietnam/west.g
also throw in South San-Jorge.....Takata etc. and we may have a very different Valuation ...and if long range forecasts are anything to go by then Nickel is more likely to double in value over the next few years. if we are then paying dividends this also Value adds.
my opinion only , in any event I think we would be subject to a take over or at worst a JV...of course others will talk this down but each to their own. cheers