AVQ Price Prediction, page-53

The only issue with your analysis is that San Jorge will not make Axiom any money. If you look at the last drilling intersections they probably averaged around 1.1% Ni. With mining dilution factored in that will be less than 1% ore. A direct shipment of sub 1% Ni ore will not make money. That is why the share price has not gone through the roof since the mining lease was issued. The last drilling results from San Jorge were announced on 20 March 2017 with the statement in the release that the drilling was done with the intent of defining an initial JORC Resource. Between 20 march 2017 and now, that JORC Resource has never been announced as far as I can see. Maybe I missed something?? It will be a bit hard to finance a mine if you don't finalise your resource and announce it.