Cathode materials competition, page-37

Hi Fredda, I can only suggest not to link - worrying to investing....it takes the fun out of it - I borrowed a section from one of the posts on the other threads which is pertinent to the current position we find ourselves in as LT holders of AUZ,

Inflection points,

• Formalisation of SK Innovation binding term sheet as a production offtake agreement.
• Economic improvements from Sconi BFS optimisation work and future JORC upgrades.
• Milestone hits and resource upgrades at Flemington and subsidiary Norwest’s projects Major investor support through Australian Mines registry

Note: the second of the two points we should expect to have in part "BFS optimisation" answered in the next few months and with this established it will allow AUZ /SKI to dot the "I"s and cross the "T"s on the finalisation of a production offtake agreement A.K.A -The first point above. Provided this is aligned and the long term economics stack up against the competitions offerings being a criteria of - continuity, quality of product, ethically sourced and pricing....the final hurdle remains Funding.... If we get to the last point we will invariably be well funded ourselves. Anything NAIF throws into this has the potential to lubricate the process. If the production offtake agreement is announced before the funding - it's an indication the money is near enough in the bank, however this in my view is unlikely.

I haven't worried about the third point as I think the first two are the near term deal breaker "within 12 months" if we are going to see one. If not I will be reassessing my position as to weather I will keep the stock in my portfolio....Simply due to timelines versus potential returns.

The other aspect to Sconi which the company has been quietly chipping away via agreements is the Scandium. Otherwise called the cherry on the sponge cake (which is coppery blue in colour...by the way). AUZ have fingers in the (Hydrogen fuel cell development use of Scandium - India) and as an alloy additive in Aluminium products in the UK).

I'm the first to acknowledge the risks that come with this "spec stock" however I'm very much in tune with how far they have come as a junior from a few years back and despite the constant criticism I admire the "vision of the board" - something which is much understated in importance IMHO when dealing with what constitutes the correct balance in a BODs composition in a company at this stage of it's life.