AUZ 0.00% 0.7¢ australian mines limited

auz ... more to come, page-8

  1. 331 Posts.
    Me too - AUZ has disclosed the "conceptual" net operating profit from Marriotts as $17.4m for 3 years based on a A$30,000 nickel price. At current nickel price, the return would be $63.6m for 3 years!

    Now this is only conceptual and nickel price may well come down, but you also get the Blair mine (making over $1m net cashflow a month, mine life 24 months plus), mine and regional exploration, a handy gold resource and more, all for a market cap of $36m less cash of about $6m - you do the maths on a fair share price

    Cheers
    Monty
 
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