Yes and no...
The cost to run the mine is a high cost operation and at the moment it is costing AUZ more money than what they are earning with the sale of the nickel and if the cash in the bank runs out then IMO there will be 3 options...
1st option - fund raise...(then again, whats the point if the operation is not profitable)
2nd option - find out a way to extract the nickel by minimising the cost (easier said than done)
3rd option - close down the mine and wait for the price of nickel to increase...
Any one got any other ideas...
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Last
0.7¢ |
Change
-0.001(12.5%) |
Mkt cap ! $11.97M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $23.32K | 2.945M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 21 | 13571361 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 5274630 | 9 |
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| Last trade - 12.57pm 28/07/2025 (20 minute delay) ? |
| AUZ (ASX) Chart |