CZI 0.00% 11.5¢ cassini resources limited

I need help from the CZI experts on this forum. I’m new to...

  1. 215 Posts.
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    I need help from the CZI experts on this forum. I’m new to Cassini. I bought some shares in the past week. On the weekend I did some research watching Richard Bevan in some videos and reading some ASX announcementsand company presentations. Succoth is not making sense to me. On first glance it lookslike a stranded asset. RB says Nebo-Babel can support a multi-decade 10mtpaplant. So when does Succoth come into play? Yet, the plan is to keep drilling Succoth and prove up a 300mt resource. Let’s be conservative and say 200mt gets upgraded to a reserve. That’s another 20 years of mine life but only afterNeb-Babel is exhausted after 25-30 years. Why spend current dollars for something that in any model is discounted to zero?This doesn’t make sense. Until I remembered something sort of similar happening for Kaz Minerals (listed in London) i.e. build one plantget the bugs out, learn whatever lessons need to be learned and two (?) years later build an identical 2nd plant. Interesting in one video that RB talks about identifying Ni at Succoth even though I haven’t seen Ni mentioned previously in relation to Succoth. Has anyone heard the company mention this 2ndplant option anywhere?Another thing, why isn’t Mt Squires included in the WMP JV?Surely it would cost very little to add a gold circuit in the event that even amodest gold discovery was made.The more I look at WMP the less sense it makes of CZI’s mktcap and what the company is saying in public. I guess we just have to wait forthe PFS in the 2nd qtr to add more clarity. But in the meantime I'm keen to hear from those who know more. Thanks!
    Last edited by HarryKane: 12/02/19
 
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