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clock Created with Sketch. 12/02/18
13:29
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Originally posted by thaiinvest
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Really Great news – what we have all been waiting for it been a rough few weeks to hold through Reading between the lines about the Sconi plant being modular see Ben Bell’s earlier replies I am expecting between 3-6 off- take partners for Sconi. This is likely to be the first of several off-take partners, probably BMW first as they seem to want to announce, however could also be LG chem or someone else The appointment of Medea a specialist natural resource advisory firm to advise on Offtake & project financing negotiations is a very good and smart move by Ben as it. - Provides professional 3rd party credibility to the off take partners and investors and shareholders as to the project economics. - It ensures that the 9 potential Off take partners feel they have been treated fairly and their various competitive off-take offer terms and their accompanying financial proposals have been independently assessed. As Ben has mentioned there is not enough capacity from Sconi to meet the demands of all 9 potential Sconi Off take applicant companies and those who cannot be include in Sconi will be given the choice of participation in Flemington, which is why Flemington is being fast tracked. *Sconi projected of producing 4Qtr 2019 /1st Qtr 2020 with Flemington fast tracked to be just 1 year behind. i.e 4 Qtr 2020 / 1st Qtr 2021. Its better for Ben 9 not be the bad guy and be able to correctly say potential off take partners that the determination of which of the 9 potential off take partners are selected to participate in Sconi has been determined by independently assessed competitive bid. Note also the comments about Sconi Plant being “Modular” re BB's last month reply to teddy . I expect each off take partner may fund their own modular PAL = SX units or multiples of them Modular is probably easier to scale up as each off take partner comes on board and as the 10X tenement resources continue to grow plus with small autoclaves etc plus it may be quicker and cheaper to build. Note also the AUZ Economic comments – AGM Nov 2018 Q&A re Sconi should not require much further dilution Question: “But the key is to secure off take agreements as quickly as possible”who you sign agreements with AUZ is negotiating with potential partners (not customers). These are companies with strong balance sheets and an ability to assist AUZ finance construction of the processing plant. This is all coming now all beginning to come together & a good initial off-take announcement will add the credibility that some need for there investment decisions. IMHO – AUZ is on track albeit 2-3 months late on the scalable demo plant and off-take samples. BeeFarmer I don’t think you were wrong in your 25 by 25 – I just think the goal posts moved. I think as we get further down the track with the completion of the key steps below the share price will surely follow irrespective of what interests rates and the general Stock markets are doing. Add into that the spice of Ben's monthly roadshows literally every month this year - no one tells it better than Ben and we will be motoring See : And how do you scale to 12kt? Note:- BMW quote and also finfeed article “several potential off take partners” On Friday luxury vehicle maker BMW said it's close to signing a 10-year supply contract for lithium and cobalt according to a report in Germany's Frankfurter Allgemeine Zeitung quoted by Reuters. Markus Duesmann, purchasing executive for the German marque, said "the aim is to secure the supply all the way down to the level of the mine, for 10 years. The contracts are ready to be signed." Published on: Jan 31, 2018 | by finfeed Australian Mines Limited (ASX:AUZ) has appointed Medea Natural Resources Limited in an advisory role, as the company enters into its off-take and financing negotiations for its 100%-owned Sconi cobalt-nickel-scandium project in north Queensland.with several potential off-take partners, which are currently finalising off-take and project financing packages for submission to AUZ in Q1 2018.
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If BMW plans to sign the offtake with a company outside the DRC that is advanced enough to be near a DFS and with a large enough resource, then there are only two choices, both are in Australia and one of them is AUZ...
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