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Do the 68 people who 'liked' this rubbish still 'like' it after...

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vintage

13,455 Posts.

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07/11/19

07:05

Post #: 41287597
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Originally posted by rusty02 ↑

Hi V
Getting a bit sick of your condisenting attitude towards AUZ investors. You seem to quote their points and proceed to add your negative dribble without any referencing, fact or proof.
Now time for you to provide facts references and proof of your post this morning that "Sconi is not economical to mine"
I have provided some quite good calculations from studying the assays at Greenvale and Lucknow which showed grade and quantity for an average ore feed for the first 6 years of the then SKI first option Offtake during my posting on HC. This showed a 1% ni and 0.1%Co ore grade feeding the mill at 2mtpa over this 6 year period and along with Kokomo will add a quality blend to the ore for SKI's 2nd 7 year option. I am a production engineer and have prepared mining plans in Brazil and Solomons. With a good geo team (which AUZ have) the above feed grade will be fingered on the ROM for blending to correct grades as asked by the metallurgists...easily without a doubt IMHO.
3rd party auditors heavily favoured an economical 1st quartile costing with a nickel spot of $15kt cutoff this includes funding. BFS used $17kt plus premium for on IRR of 21% pre. Net cash flow of $265ml once refinery 3 year commissioning has concluded. Yes heaps can go wrong also....WW111. It's a lat startup so let's keep it real. I could go on and on with the metrics of the BSF and having first hand view of the sit won't bore your with advantages both leases have for ease of startup once the turnkey Gen 6 plant is ready.
Now seeing that you are above the intellect of all the company expertce, auditors and 3rd party consulting engineers please provide solid references and data as to why you stated Sconi is not viable.
You were asked this question well over a year ago by myself and Flippa but as you have no technical expertice, dogged the question. Time to put up or shut up buddy.
Please leave offtakers out of your calcs. SKI was proven to be greedy. They might learn a lesson from the offtake cancellations. Quality suphate crystals is an finite product.
Look forward to a detailed response.

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Do the 68 people who 'liked' this rubbish still 'like' it after yesterday's announcement proved my point that Sconi is not 'economic' in tne current environment? If so, why?

AUZ Price at posting: 1.7¢ Sentiment: None Disclosure: Not Held
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