Of course capper/s in the know and replacing cheaper stock down the track won't hurt them ...
Now, my point wasn't direct to project been expensive to get it on production , there is no way auk or any of small asx specs to bring in production such projects by themselves , we all know that .
But if you compare it's peers you'll find out auk is super cheap for a cobalt/nickel and that's even without mentioning it's 1.15moz of gold project ..imagine if cobalt keeps going up ?
Here is a peers comparison and it mentions that project is sapolite/limonite ...
http://www.fareastcapital.com.au/imagesDB/newsletter/WeeklyComm11February2017.pdf
Ann: Presentation to AGM, page-7
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Mkt cap ! $6.700M | |||
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