Australia's largest stock trading and investment forum Australia's #1 stock forum

AUZ

Click for more information

12.5%

0.7¢ australian mines limited

Nope - the .11 is the feed grade, SKI will still be buying the...

First 116 Last

Share
Profile

Follow
ura_bull

7,245 Posts.

1227

26/02/18

16:04

Post #: 31352545
Share

Originally posted by aaron ↑

So correct me if I am wrong :

At current LME (US$80K/tonne) that is AUZ$5.5Billion worth of Cobalt - based on 0.06%, but now it states that the cobalt is 0.11%.

So that would now amount too with 0.11% cobalt metal : approx AUZ$10Billion worth of cobalt at current LME prices.

Have not even included the Nickel and other mines yet.....Why is everyone worried about, should be scrambling to throw more into this by breaking a few more piggy banks IMO.

WOW!!!!! - the Koreans definitely did their DD alright....and have tied a deal to make sure no one can get in with AUZ....

Now can everyone see that a few exta days of being on suspension to iron out this deal in final is normal.....SK and AUZ have confirmed these in the press already in both countries.

Expand

Nope - the .11 is the feed grade, SKI will still be buying the same output of CoSo4 and NiSo4 which is approx 20% metal which is what they are anchoring on the LME prices.
.06 is the average grade accross the find (JD of Flippa please correct me if I'm wrong)

Last edited by ura_bull: 26/02/18

AUZ Price at posting: 10.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

PV1

Provaris tells ASX non-binding MOUs are still material to share prices in somewhat fiery compliance response

Revolutionary inverter technology leads the clean energy charge

Exploring the causes and potential solutions to Australia's housing crisis

Emerald & Azure score Digger & Dealer awards

There are more pages in this discussion • 336 more messages in this thread...

First 116 Last

Add AUZ (ASX) to my watchlist

(20min delay)
Last 0.7¢		Change -0.001(12.5%)		Mkt cap ! $9.789M

Open	High	Low	Value	Volume
0.8¢	0.8¢	0.7¢	$2.26K	313.7K

Buyers (Bids)

No.	Vol.	Price($)
45	22581734	0.7¢

Sellers (Offers)

Price($)	Vol.	No.
0.8¢	1658135	10

View Market Depth

No.	Vol.	Price($)
44	21724592	0.007
21	12942557	0.006
11	4235000	0.005
6	3480000	0.004
2	2400000	0.003

Price($)	Vol.	No.
0.008	1658135	10
0.009	5303084	18
0.010	4518627	24
0.011	3781784	17
0.012	4857078	9

Last trade - 15.59pm 08/08/2024 (20 minute delay)

AUZ (ASX) Chart