cut and paste from Blueskyone. i think punters should re read...

cut and paste from Blueskyone.

i think punters should re read this


Current BFS is looking at  3 fold of PFS but we might see 4 ~6 fold of PFS due to an unprecedented high demand ( 9 offtake discussion partners = huge demand for Co, Ni sulphate)

Lets check the numbers again,

SCONI PFS(2013) results:

54,500 tonnes of Co metal x $60,000/ton= $3.27B


514,000 tonnes of Ni metal x $10,600/ton = $5.45B


3,000 tonnes of Sc oxide × $4M/ton = $12B
(* Good amount of DC will be applied to buyers due to a big supply from AUZ and CLQ imo, so I assuming 2M/ton = $6B)


So, we are sitting at around US $15B asset = Sconi alone = Mcap should be well over $1B imo.


And here comes another big thing = 5 new exploration licenses= 10 fold expansion targeting Co rich zones.


Thus, I believe we would see at lease double the current resource update next year with 5 new targeting areas = Sconi could be USD$30B asset.(+ price increase for Co,Ni is a bonus)


AUZ could be well over $1 Billion company
+ CLQ sister The Flemington


*Industry experts are predicting over 100,000/ton for Co and $30,000 for Ni metal prices by 2020 as all car makers will be producing massive amount of EVs in 2020 = massive batteries required.


But only AUZ and CLQ will be producing Co, Ni sulphates in 2020 from current Co hopefuls.


The most advanced Co, Ni sulphate producer = AUZ = ready to go with 10 fold potential + 9 offtake discussion partners.


5c by end of Nov 2017 imomarket cap $65 million.