AUZ 5.00% 1.0¢ australian mines limited

Flemington Mineral Resource Deposit Forecast, page-3

  1. 97 Posts.
    lightbulb Created with Sketch. 7
    Yeah.

    Ignore the Scandium for now, that's a trap.
    The market is tiny and processing cost is enormous. The only reason anyone is mentioning Scandium is because of new technology which has emerged that is patented to another company.

    If 100% of the area is equivalent in Cobalt to that section, then sure, Flemington is a potentially a decent tenement.

    This will almost certainly not be the case. What we are waiting for is news as to whether this section was the best node in the entire space owned by AUZ, or whether there are other little outcrops enough to make this worthwhile.

    This is a highly speculative stock with significsntly less upside potential than is being pretended at.
 
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