AVQ (ASX) The facts!

Originally posted by Waterblunt ↑

LOL, I appreciate that it is easy to be negative and complain. I can whinge for Australia on occasions, but let's just step back and look at the recent facts as we know them;

1. We have a definite timeline for the EOI.

2. It is going to be largely landowner driven.

3. We have the landowners remember AxiomKB!?

4. In the last few months RM has put $500,000 into Axiom.

5. There is no issue with competitors i.e. Sumitomo. Don't see much of them lately.

6. We own and have the money to JORC San Jorge.

7. Management have said we are NOW JORCing San Jorge.

8. We have or nearly have completed the PFS.

9. The last CR was done at a VERY good price and oversubscribed.

10. We have the sufficient funds we need to ensure we will know if we have regained Isabel prior to the requirement of any more funds and have appointed the personnel to ensure mining success if/when we get it.

So in my humble opinion we are in the best position that we have been in since the CoA.

Have a think about where we are and what the likely near future will bring!

There is still plenty of upside for Axiom. Very happy at present.

GLTAH and Jazz.

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Thanks for sharing WB, TU.

If I can add to your points, some of my thoughts.

- axiom own the drill rigs, paid under development costing from kolosori exploration.

- axiom has completed training a in house competent drill team, comprised of mainly local personnel.

- axiom maintains positive relations with the SI Gov, evident in invest4it post of last months SI business presentation in Brisbane. I did not see Sumitomo represented. SI run a tortens title law, similar to Australia. Yes the tenement for kolosori will ultimately be granted under landowners consent, but it will be the SI Gov who issue everything else ie. PL, ML, EL, etc. Strong, respectful relationships are key in the pacific islands.

- The PFS is the second most important part of mining for me. LOI is naturally first. If you have the PFS, off takes can be locked down. Then you have a mine. A JORC doesn't give you a mine per say. A JORC is there so a company can secure financing and comply to mining mandates specific to that country. Yes a JORC is very relative, but if we have off takes signed then we hypothetically could start DSO from SJ. Obviously we need a ML and EL, which come from drilling under SI mining law, but drilling at SJ could be minimal. Time is money, SJ has the potential to be expedited quicker than some think.

The second time something is done, generally its completed quicker than the first time. Everything we are doing at SJ should be quicker as we have completed those tasks previously at Kolosori.

Without news on Kolosori, IMO next kicker for the SP should be the issuing of a ML at SJ, unless our drill rigs hit other valuable minerals other than the intended.