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Yes I agree with your logic, but unfortunately we are at the...

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boc1986

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22/11/18

14:56

Post #: 36604418
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Originally posted by binwood: ↑

Yeah look most stuff (nearly all) posted on here is opinion.

In my opinion I don't like when companies use metals prices above current. Doesn't matter what commodity it is. I don't even like when gold companies use $1,300 as a DFS number. Much prefer $1,150 or $1,200 as any good gold project will still spit out decent numbers and that is closer to a floor price. Noting that while I say this I am bullish gold and think over a 10 year LOM that $1,300 could well be average sale price.

To each their own I guess. The main problem for me with AUZ using that metal price is that anything under than and the project doesn't make money. It's basically what they need to get the project up. Leaves no fat.

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Yes I agree with your logic, but unfortunately we are at the bottom end of some of the metal prices like Cobalt and Nickel, so to assume a discount to current prices for the bfs would not make any sense. bfs has a payback period of around 5 years which is not spectacular, but reasonably robust for funding bodies to participate IMO, given 100% offtake secured..just a matter of time for SKI to participate with equity
Anyway..time always tells the truth

CLA Price at posting: 5.8¢ Sentiment: None Disclosure: Not Held
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