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SMH Article - Axiom Mining ups raising..., page-14

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largspeth

92 Posts.

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02/08/16

09:34

Post #: 18422418
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Originally posted by rusty02 ↑

Now even Rusty sounds like hes gvn up on Isabel , I nearly died when he said mining by end of the year.
We were told that last year .

*Yes, the production by xmas 2015 was unfortunately squashed due to outside forces and not the fault of Axiom's management. Now there is no reason to not be mining by the end of the years or early next year as we have shackles around our legs. I was expecting to move onto SJ at least a few months ago.
*As for "giving up on Isabel" no way, Ryan will mine Isabel.
*As for another CR, we are now funded right up to JORC so it depends on the Off-take agreements and/or facilities Ryan can negotiate to cover CAPEX costs whether we need one more CR to get us to production or not.
Regardless we need now to start mining and make some $$$$.
From the events of the last few weeks SJ is now our target until SIG processing protocols are complete for Kolosori. Then we might see both put into production simultaneously. Which would be awesome.
cheers

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End of year is not far off. I'd be happy mining by then. Definitely happy holding.

AVQ Price at posting: 29.0¢ Sentiment: Hold Disclosure: Held
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