AUZ 14.3% 0.8¢ australian mines limited

to rapidex??????, page-12

  1. 1,272 Posts.
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    Seems Hardrock is usually close to the money with AUZ. Blair very much depends on the Ni price staying above A$15k for profit without any extra development costs to cover. A slight loss last qtr due to a big development effort with Jumbo. The Ni price has improved slightly since then and if it gets towards A$20k then things should be rosy for awhile. If it falls again...then not so good. A lot depends on the outcome of the gold prospect they are currently drilling and also if the low grade Ni suphide ore can be mined economically. If it can then AUZ have a good resource and a rosy future. If not..fingers crossed for the gold!
 
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