AVQ 0.00% 2.5¢ axiom mining limited

I'm not here to do the work for you, I gave you the facts and...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 3,836 Posts.
    lightbulb Created with Sketch. 218
    I'm not here to do the work for you, I gave you the facts and numbers, their FOB operation cost will be higher than the price they can get for the initial phase of mining for the low grade nickel/high grade Fe from what I've gathered so it isn't viable (as a lot of us have been telling you) but once they've mined those ores on the surface and dig 5-10M, they will start to make a profit from those higher grade ores and that's when it will be economically viable.

    But they will make a loss in the initial phase of mining (they can't afford that) so there is no-way they will be able to pay back any of the $20M startup capital during those few years, plus the loss incurred during that initial mining phase.

    I can do a better analysis if they had produced a JORC and then PFS for SJ.....
    Last edited by AlCp: 20/02/19
 
watchlist Created with Sketch. Add AVQ (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.