Yes it is ONE Valve, a 12AX7 is a DUAL TRIODE, 2 Valve in a single tube, each acting independently of each other. It is a 9 pin tube, the pin-out's I've posted below, it will explain things a bit better.
One tube that has my fancy of late is the 12DW7/ECC832, it is also a dual triode, one half 12AX7 the other 12AU7, it SHOULD yield some cool results as preamp valve if biased correctly, more headroom at lower volumes, it is even pin compatible, but a re-bias for optimal performance is needed.
Back on topic, the design looks ok, seen better ones, the B+ is fairly low on the plates, most are almost double that.... still interesting to proto, though there are couple better options around.
Cheers
Matt