AUZ 6.67% 1.6¢ australian mines limited

Bomber - I just had a really quick look at the QPM...

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    Bomber -

    I just had a really quick look at the QPM announcement.

    LG committed to 7,000 tonnes Nickel and 700 tonnes with QPM and 3000 tonnes nickel and 300 tonnes with POSTCO over 7 years - so 70,000 /7000 tonnes over the 7 year life of the agreement - with AUZ they have committed to 70,000 tonnes nickel and 10,000 tonnes of cobalt over 6 years - both at market price - the only difference appears to be a small equity investment of $15m and the involvement of a second company. I did not go searching for QPM's BFS so I am in the dark on that - no idea what their project funding requirement is or where they are at with that.

    I really cant see why the small equity investment might make a huge difference - who knows there may be an equity kicker with LG or someone else for AUZ somewhere in the background of any funding proposal AUZ is negotiating.

    I'm genuinely interested in your perspective as to why the QPM agreement would place any doubt in regard to the AUZ agreement.
 
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