Japan mostly as well China are looking for an independent source...

Japan mostly as well China are looking for an independent source and supply of nickel ore, the Philippines supplies are low grade less then 1.3% Ni (average 1.1%Ni) and the quality and grade is inconsistent and difficult for processing plants to deal with in Japan and China, so it receives a lower FOB /CIF price.

Indonesian grade nickel ore is higher grade but due to regulations imposed by state laws, but they have real restrictions with the environmental bans in place and unless its grade is greater then 1.65 to 1.9% Ni, is not permitted for export.

Axiom grades fit perfectly in between all this, and offer a consistent grade and supply of nickel ore at between 1.5 to 1.6% Ni and when they secure Kolosori, will be able supply a grades up to 1.8 to 2 % Ni.

Also need to consider the very high Cobalt shows in the assays at San Jorge which add a premium price to the product.

The last time I checked FerroAlloyNet prices, 1.8 % Ni was around USD 50 per MWT.

Investors need to look into the broader macro issues of nickel pricing world wide when considering Axiom. DYOR.