Ann: Drilling indicates Flemington resource expansion potential, page-60

Ah goodness. Let’s refer to the numbers as you suggest, shall we?

auz news* $6.10 Nickel cost or pound ( I thought that was $5.70~ before ), & return prices based on $27,946 nickel & $93,153 cobalt.ARL $4.63 nickel cost. Return prices based on $18,900 nickel & $120,750 cobalt.

Correct me if I’m wrong but $27,900 is about 50% higher than $18,900.
I believe you’ll find that $96,000 is about 25% lower than $120,000 but hey- I’m nuts.

The AUZ numbers were taken from the most recent announcement & those for ARL from their latest assessment found in last year’s scoping study.

Actually- let’s post them both so that the lazier among is don’t have to rely on our word.

Page 4 of auz’s recent Ann.
https://australianmines.com.au/brochures/downloads/Sconi_to_generate_5_billion_in_free_cashflow.pdf
*price assumptions are in fine print at bottom of that page.
Copy last from the page for the incredibly lazy-
>nickel price = 27,946 AUD, cobalt price = 93,153AUD.<

To the peer that you love to make negative hints about but won’t name ( perhaps so people don’t go off and see reality ).

https://ardearesources.com.au/downloads/announcements/arl_2018072401.pdf
page 5 fine print.
>used inputs of A$18,900/t nickel and A$120,750/t cobalt.<

You guys forced these actual numbers to be shown by your admittedly fairly clever use of language & numbers combined with many people’s hesitance to call you out.

You've no one to blame but yourselves. Now try to tell us all again how 3 activities ( one of which will reward holders in a meaningful way ), is less than 2 activities.

You promote what you see as your charms ( as long as they are actual ), & others will do the same.

I’ve mentioned things I think are good about what’s been happening here but it’s not enough for a certain group- unless AUZ is the ultimate in all things then the knives come out.

It’s silly & a big part of why I came back to hotcopper- to balance out some of the half truths & outright scurrilous misrepresentation.

Edit for Cyclone Steve- exactly! If it was a BFS then we would see the words Binding Financial Statement.

Ura- where does it say it is a BFS? Please show us all. We beg you.