"Now time for you to provide facts references and proof of your post this morning that "Sconi is not economical to mine"
Are you for real! Next you'll be asking me to prove that a dog with testicles is a male!
The fact that the mine is uneconomic does not require me to duplicate or critique the business cases already completed by AUZ' consultants and/or the DD undertaken by potential funders, NAIF and SKI. The business cases have been done to death in the BFS 1 and 2 and all the DD's!
And what has been the outcome of all that work and all the negotiations around that work? NOTHING, NADA, ZILCH. Because it doesn't stack up i.e. not economic - not robust enough to entice potential funders and offtakers to take on the risk.
So what has happened in the wake with all those studies that you seem to think paints a rosy picture? How about these:
1. SP collapse
2. Two senior execs have walked
3. Off-take partner and potential funder has walked
4. No other partner to take their place
5. Directors not taking up entitlements
6. Directors trying to get rewarded for no progress
7. No NAIF despite well over a year in DD
8. Bergen and Patto's specials
Need I say more! It's a basket case. Not an economic project!
I can't believe and despair at the stupidity on this forum when I see how many people have thumbed your semi-literate and fantasy-land post.
Time to get away from your manuals and join the world of reality!
AUZ Price at posting:
1.8¢ Sentiment: None Disclosure: Not Held
(20min delay)