Good to see you are still here Flippa, the same (similar) story also happened over at LYC, they had high debt to cover capex and then the price of rare earths went down significantly and so did the SP for LYC. Fortunately for LYC rare earth prices have gone up and they have very good management now, SP is on the up.
As you say the plant will take about 2 years (after AUZ raise necessary capital) from DFS, so we have a long way to go, and it is one thing at a time, in a protracted timeline.
I was wondering what you think about the possibilities at Thackaringa ?? Based on nearology (COB) the mineralization there is amenable to low costs for CAPEX/OPEX and my line of thought is that if the drilling results at Thack are good, then perhaps that might be a shorter term avenue to making income for AUZ
AUZ - chart, page-807
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Last
1.0¢ |
Change
0.001(5.56%) |
Mkt cap ! $13.28M | |||
| Open | High | Low | Value | Volume |
| 1.0¢ | 1.0¢ | 1.0¢ | $1.61K | 161.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 4173372 | 0.9¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.0¢ | 4407983 | 18 |
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| Last trade - 12.15pm 19/07/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |