AUZ 0.00% 1.3¢ australian mines limited

Ann: Trading Halt, page-313

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  1. 168 Posts.
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    You're correct about Cobalt soaring,
    But AUZ and CLQ holding worlds best Cobalt deposits is incorrect.

    See here;
    http://www.visualcapitalist.com/cobalt-precarious-supply-chain/

    DRC has worlds best mines (deposit size and consistent commercial grades) and will continue to source majority of the Chinese battery market.

    Canada has best grade Cobalt mines in the world, and with tesla's focus on sourcing from North American continent- ASX listed MEI has Candadian Cobalt deposits of 15% historical avg (Tolga main share holder)

    And in Europe, ASX listed EUC, (another Tolga play) along with other major Cobalt producers like Glencore is proving up some very high grade deposits currently in Europe where European car manufacturers will look to source Cobalt from.

    So while AUZ and CLQ are excellent deposits, they are not the best in the world. And they still face many hurdles and risks on pathway to production- including existing producers with mines in closer proximity with Lower cost bases.

    I hold AUZ and invested heavily in the recent capital raise, so am all for seeing positive posts that spruik the stock, but only when they are true.
 
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1.3¢
Change
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Mkt cap ! $18.18M
Open High Low Value Volume
1.3¢ 1.3¢ 1.3¢ $5.874K 451.8K

Buyers (Bids)

No. Vol. Price($)
15 23780989 1.3¢
 

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Price($) Vol. No.
1.4¢ 3593683 9
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