“So what is the point of extending the window for exercise of the options by a mere 7 weeks. What is going to change in that time to get over the line.”
Drilling results due from the 50,000 metre drilling program with potential of significant upgrade to ore reserves and grades.
Look at the spacing of drilling in certain areas from the last drilling announcements and the red marked area with further infill drilling . It shows the confidence in potential outcomes from certain areas.
Then go visit the sensitivities graph in the BFS on the difference the improvement in grades by 20% will make to the IRR and pre tax NPV.
Gentle remonder, the previous drilling was optimised for Scandium resource Not nickel and cobalt by Metallica minerals.
AUZ Price at posting:
4.2¢ Sentiment: Buy Disclosure: Held
(20min delay)