Far from significantly derisked. Capital over runs and operational issues with HPAL have been the norm historically. This is where the DFS will be very interesting (same boat as CLQ perhaps). The world will need cobalt and companies will resort to laterite mines though it will take some time to go from here to revenue and with significant risk. Hence the huge discount to any NPV which is the norm. Big difference between Sulphide and Laterite Ore. IMO BB is a great salesmen and market had bought into it not appreciating the commercial realities. Crunch time with a DFS to lock in finance and it's coming home to roost. AUZ holding up well and one or two more issues could see prices in 6s before any longer term recovery. DYOR.
AUZ Chart, page-57
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Last
0.8¢ |
Change
-0.001(6.25%) |
Mkt cap ! $10.48M | |||
| Open | High | Low | Value | Volume |
| 0.9¢ | 0.9¢ | 0.8¢ | $24.87K | 3.082M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 28 | 8404926 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 966145 | 6 |
View Market Depth
| Last trade - 11.33am 24/06/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |