AUZ 0.00% 0.8¢ australian mines limited

Ann: BFS supports strong commercial case for developing Sconi, page-854

  1. 46 Posts.
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    Nothing until ground is broken mate, speculative dollar figures on paper aren't going to pay your mortgage repayments.


    If you look at Ni-Co projects with comparable capex requirements at startup (Dumont, Clean TeQ Sunrise, Ferguson Lake, Mayaniquel) all have post-tax NPV estimates that exceed $1bn and of those only Dumont is close to moving dirt, the rest are rattling their tins for financing.


    A similar project from a financial perspective would be Decar, they completed a PEA in 2013 and are still searching for project funding 5 years later.


    Do your own research of course but even if they can find a backer for this it's still years away from potential production (read: not the quick 10-bagger that people on here are predicting).

    Last edited by baillta: 29/11/18
 
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