Once I subtract any Scandium credits and input current prices for Nickel/Cobalt, I feel nothing is remotely feasible..
For me, the only hope is that either Cobalt triples or for holders, a NAIF "binding" plan is evident.
I believe NAIF funding is gimmee, yet the go-ahead of a simple non-binding agreement is worthless.
Hence why some may want to sell into it.
Other than that, I believe it's moose ground.
I believe they'll need to separate the next BFS(2) into stages so as to reduce CAPEX/OPEX etc.
Ann: AUZ secures funds to accelerate cobalt and nickel projects, page-301
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