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1.2¢ australian mines limited

CRU International places the Sconi project in the 1st quartile...

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rusty02

2,536 Posts.

773

27/03/19

22:35

Post #: 37907083
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Originally posted by vintage ↑

You can say what you like, but the fact is that my point HAS cmpletely eluded you. For one, I am not saying the project is worthless. My intention was far more modest. I was merely interpreting what HAC30 was implying in saying that the minerals, at current prices, are worth nothing. Secondly, you have introduced all sorts of irrelevant detail because you cant see the wood for the trees. I was making the simple point that if the selling price, hypothetically, was $100 and the production cost was $100 or more there would be no profit and the mine would not be built, thereby implying that the minerals are worth nothing. Obviously, for the sake of illustration, the $100 production cost and the $100 sales price encompass all types of premiums, credits, deductions etc. It is a hypothetical illustration of how minerals can be worth zero - not a rendition of a working mine.

Bottom line - HAC30 is correct in his analysis. You and Alway are not.

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CRU International places the Sconi project in the 1st quartile
Ref AUZ Announcements Dated; 12/02/19
Suggest both Vintage and HAC30 read and comprehend the above ANN and also go on Guru's website for more. Then rethink who is wrong in there analysis. You or CRU.

AUZ Price at posting: 2.4¢ Sentiment: Buy Disclosure: Held
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