What's the upside?

Anyone have a research report on costs etc. Cant find anything on website or internet. Below is all I could find. Perhaps others could add/correct  information.  TY

Non-JORC resource: 159mtn @ 1.045% nickel and 0.07% cobalt

disallowed/business/axiom-mining-ups-raising-thanks-to-nickel-price-surge-20160728-gqfhk8.html

talks about $33 million cost.

Shallow resource

Talks about:

1mt TPA  x 1% NI x $15,000 = US150M revenue plus co about 70M

Then 2mtpa x 1% NI x $15,000 = US300M revenue plus co about 140m

https://pubs.usgs.gov/of/2011/1058/of2011-1058_text.pdf


Seems to be average grade and very large tonnage compared to other mines-see above from page 16

http://www.miningnews.net/company-p...6910/strategic-deal-company-poised-production


“Even at today’s nickel prices we’ll have a profitable mine, whereas very few around the world can at this stage of the cycle,” he said.

This was when Ni was about $8,600. If still true a margin of at least $6,400at todays prices of $US15,000

Would mean gross profit of 1mt= $US64million  2mt =US128million

2mt US128M for increase in nickel  price. Then add about 90million for increase in co price since 2015 = US$220million or AU290Million EBIT

These are obviously back of the envelope figures and rely on comments made in above links but we have to start somewhere.

From what I have read the area is large, shallow, of average grade and low capital cost.