AUZ cannot move the project (Sconi) with the metrics from the...

AUZ cannot move the project (Sconi) with the metrics from the latest BSF. No one will finance a project with 15% IRR and most importantly a project that needs 1B dollars to be constructed in order to fetch 750M in DCF.

Management was pumping this for most of 2017 and 2018 creating to small investors high expectations making them put money and then top up in lower prices essentially leading them to financial destruction. Remember the famous Scandium benefit..?

Now all they can hope for is for Ni and Co to double in prices so this project can be economical again and maybe start moving in the next 5 years or so. Otherwise this is dead money.

BTW the famous SK innovation offtake agreement is locked only in the case the project gets financing until the end of 2018, as per their March announcement. So this is busted as well...