"To earn a 50% interest in Sconi, Australian Mines must complete a Definitive Feasibility Study, or have expended $10 million on the DFS, within four years of the agreement." - Dec quarterly report
The wording in the report suggests to me that the DFS would cost a minimum of $10m. Is that a fair assumption to make?
AUZ charting, page-25
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Mkt cap ! $11.18M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.7¢ | $9.72K | 1.222M |
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| No. | Vol. | Price($) |
|---|---|---|
| 23 | 4668584 | 0.7¢ |
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| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 3941266 | 14 |
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| AUZ (ASX) Chart |