Love your work - Thankyou Rusty !
Just for those unfamiliar: ( re “Sconi” - NB. Ni Sulphides- NOT comparable to Isabel Nickel , Laterites)
AUZ - to be Nickel sulphide end producers for the EV market ,eg. including Volkswagen. ( Volkswagen alone~ req more than 4 x Ni sulphide input , supply , than 4 Tesla factories ! in the years to come .. )
Yes - wonderful positives, but $1.3 billion Capex , BFS , for Australian Mines , high grade nickel (& Cobalt ) sulphide mine to be ..
* today : * -
“Australian Mines (AUZ) -
dropped 23 per cent to about 4c after the explorer released a bankable feasibility study (BFS) on its mammoth Sconi nickel cobalt project in Queensland.
The battery metals project in Queensland could make profits of $2.6 billion over an initial 18-year life — but it will also cost over $1.3 billion to build, and that has made investors wary.
The market is now waiting for Australian Mines to finalise project funding through a combination of debt and equity before it gets too excited.“ 27/11/18.
