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36.5¢ nzuri copper limited

Ann: Amended 2017 Annual General Meeting Presentation, page-37

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africadale

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29/11/17

23:25

Post #: 29235323
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Originally posted by africadale ↑

Agree. New investors should focus on the existing undervalued project and the significant upside once finance is secured, with likely improved economics from off take and local refinery deals (and reduced transport costs). IMO the FS really understated the cobalt value. Then, once stage 1 is firing and producing cash flow you have stage 2 to look forward to with significant recovery improvements leaching DMS rejects - none of that inherent value was included in the FS. The FS was conservative for a reason - to prove the economics under conservative figures for finance.

Once people start seeing that these aussie laterite plays are marginal at best with crazy upfront CAPEX requirements then I expect we will see increasing interest in NZC. Of course rising copper and cobalt (and nickel for the laterites) prices helps raise the tide for all boats!

I am not getting too excited for the pending exploration results this year - seems the company is still getting a feel for the potential on their block and a recently completed aeromagnetic survey should help with targets next year. It is elephant country.

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NZC Price at posting: 22.5¢ Sentiment: Buy Disclosure: Held
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