At the beginning I bought shares in AUZ at 12c a share with my eyes open. Topped up at 4c, waiting for new BFS before committing to more shares
Macquarie bank had projected that materials will be flat in 2019.
EV projected ramp up is proposed from 2020 at 2% exposure in the world market to 50% 2025. Demand for materials will lag if no one is watching this trend.
Original BFS had issues in the ratio to invest in regard to the existing listed assets (JORC) at the time. Company is now moving to rectify this issue with a revised JORC and in proved BFS .
I have 100's of newer explorer companies listed in the books above my desk, I have not seen any so far with the confirmed JORC of 75MT in Australia with 3 materials to mine to offset the cost that has already completed a pilot study plant ( de-risked the process). To many just companies run to production and find later that they cannot the yields promised to make the project work. Just have a look in the lithium space.
ALWAYS hard to go from a explorer to a producer, finance is the issue
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Open | High | Low | Value | Volume |
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26 | 3055551 | 0.020 |
Price($) | Vol. | No. |
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