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0.00% 2.5¢ axiom mining limited

The total contained nickel content of the non-JORC resource is...

  1. white pointer
    845 Posts.
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    15/03/11
    20:32
    Post #: 8057922
    The total contained nickel content of the non-JORC resource is 1.66 million tonnes, current price of nickel is ~ $4,000 p/t...

    Grades are expected to increase with drilling (below historical non-JORC resource depths ~6m) into untested parts of higher grade saprolitic ore.

    Lets say the operation breaks-even at a nickel price of $4.50 lb (nickel price $12 lb now)

    Am i right with these figures or am i way off the mark ?
    AVQ Price at posting: 3.8¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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