Originally posted by rusty02
Have to agree.
Biggest issue Axiom now face is PON falling away to the point where the laterite portion of the SJ deposit will not be viable to mine. This leaves a 3-4m seam of Sapralite 1.5% Ni blend, which is no way world class as this management keep banging on about and the proceeds from mining SJ will probably only cover financiers, Gov royalties and BOD indulgence and "other expenses" (BOD hip pocket)
Speaking of facilitators, where is the DFS , JORC AND THE METALLURGY REPORTS to facilitate this mining operation. I have old SS but these are 6 yrs old and for K. What is the IRR Ryan?. What are the NPV values Ryan?. What is the payback Ryan and whilst I'm at it the C1 costs and EBITA/revenue for the SJ project?. Where are all these countless drill progam assay reports ANN to the market and never heard of since?. What is the demand for lower pigiron, ferrous S/S grade Ni laterites moving forward in comparison to Ni sulphates?.
Never seen a ML issued with so many unknowns with the SJ deposit and the operation. Must be just a Solomons thing...lol. MC is way overpriced once company valuations are taken into account.
Axiom seem to show their lack of mining knowledge nor follow the proper proceedures to commission a simple open cut mine. SP is propped and has been for quite some time. Thx HK. Lets hope this mob stumbles into production soon and actually show a profit for its shers.
GL to holders and have a great weekend. Snappers and muddies are on the bite here in Morton Bay.
Cheers
Are you implying that RM is not only deliberately misleading the Market, but also misled the Minerals Board and the Ministry of Mines in their ML Application when there were and still are so many unknowns.
However, you seems to have negative answers to all the “unknowns”, logically they cannot be completely unknowns then, because at least you and Jazzmob are in the know.
