AUZ 0.00% 0.8¢ australian mines limited

Ann: BFS supports strong commercial case for developing Sconi, page-854

  1. 46 Posts.
    lightbulb Created with Sketch. 36
    Nothing until ground is broken mate, speculative dollar figures on paper aren't going to pay your mortgage repayments.


    If you look at Ni-Co projects with comparable capex requirements at startup (Dumont, Clean TeQ Sunrise, Ferguson Lake, Mayaniquel) all have post-tax NPV estimates that exceed $1bn and of those only Dumont is close to moving dirt, the rest are rattling their tins for financing.


    A similar project from a financial perspective would be Decar, they completed a PEA in 2013 and are still searching for project funding 5 years later.


    Do your own research of course but even if they can find a backer for this it's still years away from potential production (read: not the quick 10-bagger that people on here are predicting).

    Last edited by baillta: 29/11/18
 
watchlist Created with Sketch. Add AUZ (ASX) to my watchlist
(20min delay)
Last
0.8¢
Change
0.000(0.00%)
Mkt cap ! $10.48M
Open High Low Value Volume
0.7¢ 0.8¢ 0.7¢ $2.606K 360.0K

Buyers (Bids)

No. Vol. Price($)
43 11495721 0.7¢
 

Sellers (Offers)

Price($) Vol. No.
0.8¢ 1961400 11
View Market Depth
Last trade - 13.12pm 01/07/2024 (20 minute delay) ?
AUZ (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.