Hi Krum,
Yes agree, this is the Solomon Islands where the orthodox rules. Unfortunately going down the rout of no technicals will require higher equity portion in raising capital. No facilitator/lender will look at this without solid fundamentals. But on a plus, Axiom will need only around $20-25ml and IMHO expecting Trump and Xi to kiss and make up soon with nickel set to return to the $7lb.
If you have time take a look at the BFS of CLQ ARL COB and AUZ. All auditors are showing average Ni prices over the next 20 years to be above $9lb as base case with current models pricing in $7lb for feasabilities studies.
cheers.
AVQ Price at posting:
9.5¢ Sentiment: None Disclosure: Held
