AUZ 6.67% 0.8¢ australian mines limited

Ann: Drilling extends nickel-cobalt resource potential at Sconi P, page-304

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  1. 2,625 Posts.
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    Not sure how they got away with using Nickel price at $US 10 / lb. Elsewhere in the AUZ report it says that these numbers are conservative but that one is not. $US 5 / lb would be conservative. I would accept $5.5 or even $6 in the BFS but not $10. If you are doing your own calc of NPV etc. you might want to change that (as well as the exchange rate which has moved on considerably since this was put together).
 
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