AUZ 6.25% 0.8¢ australian mines limited

rusty. Scandium = $70 million. LOM I suppose they meant.... not...

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    rusty.
    Scandium = $70 million.
    LOM I suppose they meant....
    not clear in report

    Rusty Blooreler
    Nice to see some discussion on this thread instead of endless cricism of posters who try and establish some facts but dont fit in with the monopoly the sycophants society claim is theirs i.e. dictate that only holders can comment and that all comment must be posotive.Sorry to digress
    My take on this is the figure of 70 million is wrong .Should be about 300 MILLION PER ANNUM REVENUE
    This is based on new production levels of cobalt and nickel quadrupling there for scandium oxide should do the same.Sconi on our website still lists about 3000 tons of cobalt sulphate and 77 Sc O production
    Current scandium price not transparent but best estimates between 3000 and 5000 per kg.To develope new markets are waiting for a reliable production stream and a reasonable prices .If you use a price of 1000 a KG it is very competitive as a super alloy.I have a feeling it is very difficult to seperate from other transition elements so might be expensive
    Comments from metallurgists or those with insight would be helpful
    Would also help if the company clarified this and where we are at
 
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