And adding to that as per AGM presentation, up to 12000 Tons of...

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Faisal1475

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08/12/17

16:47

Post #: 29493242
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Originally posted by thaiinvest ↑

Great announcement today – obviously a lot of work going on with prospective partners – I am sure we are quite close to off take deals and the finance partners are also fully involved

Spitfire on another sortie from MLM – welcome back.

Perhaps you missed the AUZ - AGM Presentation quote from the Q&A’s section available on the ASX AUZ Company announcements – please check it out

Question: “But the key is to secure off take agreements as quickly as possible”

Answer: “No - securing and off take agreement in the current environment is rather easy.
The key is who you sign agreements with AUZ is negotiating with potential partners (not customers). These are companies with strong balance sheets and an ability to assist AUZ finance construction of the processing plant.
This will ensure that the processing plant is built as designed with minimum dilution to current AUZ shareholders”

I hope this might go some way to un-concerning you a little re your concerns about "dilution". After reading the above and todays announcement I have no such concerns.

Also as noted in the AUZ announcement today “ AUZ notes that most of the infrastructure required to support a mining and processing operation at Sconi is already I place including power, all weather sealed roads, export port facilities and accommodation for the construction and subsequent mine/plant personnel.
The presence of this infrastructure is expected to reflect positively on the final capital expenditure costs as well as reducing the anticipated build time of the mining and processing operation at Sconi”.

Note the open cast minimal /no strip nature of Sconi will also reduce costs

I am also glad Ben Bell CEO took the opportunity in todays announcement to put the average grade concerns of some, hopefully to bed for good. Note
“Recent work as part of the Banking Feasibility Study has supported the view that the expected average grade at the Sconi Project to be 0.11% Cobalt and 0.81% Nickel for at least the first 20 years of the operation"

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And adding to that as per AGM presentation, up to 12000 Tons of cobalt sulphate and up to 100000 tons of nickel sulphate! ! Per annum

AUZ Price at posting: 9.3¢ Sentiment: Buy Disclosure: Held
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