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5.8¢ alara resources limited

Ann: Alara forms JV to bid for Khnaiguiyah project licence, page-29

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mitis

6,736 Posts.

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07/07/22

09:04

Post #: 62413606
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Originally posted by Moealara: ↑

it would give them tremendous advantage, but its important to understand the process of tender, where it would give them advantage is to qualify to the last stage which is the bidding stage. This is a stage where the highest bidder in dollar terms wins the project. If we didn’t have the study we would not have stood a chance to qualify even to this point considering all our competitors are multi billion dollar commodity producers.

at the end it will come down to who is willing to pay more to get the license. As I understand it the bidding will be transparent and broadcasted over the internet so every party knows where they stand and whom they are bidding against .

lets hope our partners want it as bad as we do and they bid aggressively as this project is worth it. Largest zinc discovery in the middle east.

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thx Moealara, but just on my point about how long it will take any of the bidders to develop the mine and commence production, do you think KSA want a mine as soon as is possible (?) in which case only AUQ can help achieve that outcome, since they have done all the work to get to DFS stage, something that would take the other bidders years probably ?

AUQ Price at posting: 6.9¢ Sentiment: Hold Disclosure: Held
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Last 5.8¢		Change 0.002(3.57%)		Mkt cap ! $41.64M

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Price($)	Vol.	No.
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