AUZ 14.3% 0.8¢ australian mines limited

AUZ announcement, page-686

  1. 3,068 Posts.
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    Hi Sally
    This has been answered a few times by myself and some other posters.
    At the moment Ni sulphate and Co sulphate are priced in % metal contained ie sulphates contain 20% metal so that is the price per lb or tonne. That is why AUZ and CLQ in their PFS has used the contained metal price.
    The LME is looking at pricing the two sulphates as a contract buy, separate to the metal price to get a realistic price.
    In China some companies are paying at a premium to obtain supplies.
    So until the two sulphates become a seperate tradeable contract on LME it would only be pure speculation as to what people will pay.
 
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