EV mineral shortage, page-489

How many facts do you need to understand that Sconi is not feasible? Have you forgotten these 'facts':

1. More than a year since initial BFS completed - and still no funds

2. Negotiations with multiple financiers have been 'advanced' for 2 years - and still no funds

3. Sconi has been in DD with NAIF for over 15 months - and still no funds

4. Sconi's sole offtake partner - and the world's fastest growing battery cell manufacturer - walked after 2 years of DD

5. The guy brought in to invigorate the search for and structuring of development capital for Sconi walked after just a year. (As BB said on his appointment, “Marcus’ immediate past experience is an ideal fit for Australian Mines, as we prepare to commence our transition from explorer to project developer following the imminent release of a Bankable Feasibility Study on our Sconi Cobalt-Nickel-Scandium Project in North Queensland. “His specific skills in the implementation of project financing and equity raisings will be invaluable as he takes on a lead role finalising negotiations and executing a suitable financing package for the construction of the Sconi Project”.

6. No replacement offtaker

7. Co. price in the doldrums and expected to remain so for the next few years

8. Global EV vehicle sales in a slump and expected to remain so until at least end of 2020

9. Ramping up of alternate supplies of battery metals in multiple locations

You would have a lot more credibility if you didn't try to bury or ignore the harsh realities here!