Today I don't think anymore that the SCONI JV was a bad deal: -...

Today I don't think anymore that the SCONI JV was a bad deal:

- For scandium you first need to create a new market. That is close to impossible for an Australian micro cap.
- Cobalt is usually a by-product of nickel mining. Its price is therefore very volatile and it will be very hard to find big money to finance a mine with cobalt as it's primary product.
- SCONI will therefore have to start as a nickel mine as its primary product, IMHO. But todays nickel prices are so low, that quite a number of Australian nickel mines had to close during the past 2 years. Possibly the day for nickel will come, but I think this is years away.

MLM has given AUZ just a try.
- If they succeed: well done! And MLM will still have 25% of it, free carried.
- If AUZ fails (and I think they will...): the project goes back to MLM with 100% or 50% (depending if AUZ managed to complete a DFS or spend 10 m). Anyway the project will have been advanced. Again free carried. Not bad.