I believe that the fall in the SP reflects the recent positive BFS for AUZ; which as of close today sits at .044.
(Why is it that in mining stocks the SP always seems to go down on good news???) I guess that part of the problem is that investors are in for the short term profits and can't wait the 4 years before AUZ really starts to take off.
Now I know many will argue that the CAPEX for AUZ is high. But I would suggest that you wait for the CLA BFS.
I believe that very many of you will be in for a big shock hence the fall in the CLA SP at this time.
The AUZ people know what they are doing and the extensive BFS document has not been challenged by the ASX!!!
The estimates for the civil/mechanical/structural engineering associated with the building of the processing plant and staff support
facilities are IMO not much different to what will be evident for CLA. apart from the real fact that labour costs are far lower in Namibia.
AUZ have three proven large deposits of both Co and NI plus scandium.and at .044 represents a bargain IMO.
I shall be buying another 100K tomorrow ahead of any purchase of CLA at .057 which I believe will fall further.
