This is an extract from June 2019 media release:
"It has been a busy start to 2019 for AUZ, including an updated JORC resource in February for the Sconi project.With a bankable feasibility study (BFS) valuing the project at $697 million in November 2018, the company’s focus is project funding.
AUZ is investigating a range of project funding options including a combination of off-take pre-payments, senior debt funding, royalty and/or streaming options, funding support via the Commonwealth Government’s Northern Australia Infrastructure Facility (NAIF) and mezzanine financing".
From reading comments many have placed a strong reliance on NAIF.
This may be the case but as you can see from above paragraph AUZ has other options to raise capital for the project. It may well be a combination of loans including NAIF. We should know in a few week's time.
One way or the other AUZ should secure funding. My concern is how easy or difficult will this exercise be? Because the ease/difficulty of raising funds will have big implications on the SP....My opinion only.
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This is an extract from June 2019 media release:"It has been a...
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