what'is the next...

1. Axiom KB LTD (Axiom and landowner JV) is going to secure prospecting license to develop Isabel Nickel mines: on the way, it will take a few wks.
From now, nobody including SMM(Sumitomo metal mining) can't access the land Except Axiom KB LTD.

At this stage with securing license, SP will be 12c. IMO




The way that mines and minerals act is structured is that to secure a prospecting licence, you essentially have to have the landowners consent. Now that is essentially Axiom KB now and so anyone who would want to force their way in if I could say that, would have to have consent from Axiom KB(Ryan Mount, Axiom Mining's Managing Director).



2. Once securing prospecting lincense, it will start drilling to confirm JORC from non-JORC: It is not a big deal, just drilling up to 10-15m.(How ease compare to 150-250m drilling)
It had already done by Vale INCO and Kaiser Engeering including feasibility study. As well think about Sumitomo metal mining, why they want it.



At this stage with confirmed JORC, SP will be 35c. IMO



3. Drilling cost: RC drill cost is around $100/m

$100/m x 10,000m = $1.0m, it will take a few mths.



4. The company have to capital raising around $1.5m at 10c(if SP is 12c at this stage) or Selling Mount Maid project (JORC 532,000oz Gold) about $30m+.


5. Developing Isabel Nickel mines as DSO: Scoping study and Feasibility study.








It might be approaching by SMM or Vale INCO as JV. Who knows...?



At this stage, SP will be...., your idea?

MC target: from $43M to $1.0B ~ $1.5B. IMO