Australia's largest stock trading and investment forum Australia's #1 stock forum

AVQ

Click for more information

0.00%

2.5¢ axiom mining limited

Ann: Mining Lease Granted for Isabel Nickel Project - San Jorge, page-322

First 322 Last

Share
Profile

Follow
Bomber78

6,244 Posts.

191

03/10/18

21:21

Post #: 35984795
Share

Originally posted by McHale ↑

Thanks for that @Deet, yes the grades at Isabel are VG, it will be interesting to see pricing for the ore from a DSO type operation perspective - no doubt the grades and the need for Co should mean returns are good.

Having said that there are a number of factors which will impact returns particularly financing and class of Nickel.

Another thing I will add is that, RMs' pricing for Sc is not realistic.

Have gone through both links you generously provided, but am none the wiser about the class of the Ni contained. Given that it is a laterite deposit with Ni, Co and Sc like Sunrise & Sconi I am thinking that it is Class I - but haven't seen anything in the announcements to confirm if this is Class I Nickel - but if it isn't Class I it will seriously impact the economics of Isabel.

Nickel is the main ingredient in Li Ion batteries and far more Ni is needed than any other ingredient i.e. Co.
But it has to be Class I Nickel.

Expand

McHale in relation to your question the other day my answer is: did they ann anything when they said no to Elon? They don’t have to Ann a thing if they decline.

AVQ Price at posting: 11.5¢ Sentiment: None Disclosure: Not Held
2 Upvote

1 Great analysis

Reply

Top Stories

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

HMI

Global Lithium up 13% as it joins the ranks of battery metal players pivoting to gold

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

OAR

Chris Judd's Talk Ya Book: Orthocell building on 'enormous potential' with steady growth - and US push to come

There are more pages in this discussion • 46 more messages in this thread...

First 322 Last

Add AVQ (ASX) to my watchlist