AUZ 7.69% 1.2¢ australian mines limited

Ann: AUZ secures funds to accelerate cobalt and nickel projects, page-63

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  1. 53,839 Posts.
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    A larger JORC may provide an expanding simple CAPEX.

    I wonder whether it will be broken down in stages.

    I think so.

    For me, to diagnose AUZ - well, the figures suggest the business plan is not feasible.

    It's old ground IMO, and it's a pure play on the cobalt price, hence why it has dropped so much in value.

    I believe the Nickel without the Cobalt does not cut it.

    The seller meets the buyer in all markets.

    They have in-Situ value and, I expect, they'll sit on it for some years.




    Last edited by fluffynymph: 27/02/19
 
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