AUZ 0.00% 1.0¢ australian mines limited

Ann: AUZ enters research partnership to develop scandium alloy, page-31

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  1. 8,114 Posts.
    lightbulb Created with Sketch. 73
    "Nobody will be buying it from us at that price"

    Two comments

    1) They will buy at that price because they are already paying $122k Lb.

    2) The new process effectively means that they will only need 1/15 of that quantity and that reduces their costs and that in itself will open up new markets. But they will still pay the same price but not need as much

    CB
    Last edited by Camdenbob: 12/06/18
 
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