AVQ 0.00% 2.5¢ axiom mining limited

Ann: Excellent drill results at San Jorge, Isabel Nickel Project, page-46

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  1. 3,836 Posts.
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    They will need to mine at least 2+ years you would think to get to those nickel ore so the investor will want a bigger piece of the pie having to wait so long until they can see some of their investment back.
    And given it's way deeper to mine, I think their FOB operation cost will be $13/WMT USD and with NI1.5%, Fe15-25% FOB of around $22/WMT USD and a DSO of 2.2WMT per year (similar to Kolosori), wouldn't that only give them a net profit of only $19M USD after 2+ years, and then they still need to pay $20M startup capital.....hence, SJ was always meant to be blended with the high grade nickel ore at Kolosori which are close to the surface.
 
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