Grade, page-42

AUZ Sconi BFS vs CLQ sunrise
Co sulphate 12,000 tpa vs 15,000 tpa
Ni sulpahte 100,000tpa vs 85,000 tpa

1. Both 20+ LOM
2. CLQ only sold 20% of Sunrise production to Chinese cathode maker (Beijing Easpring)
= this is huge mistake by CLQ mgmt imo

Easpring's customers are global battery makers .. I dont think they would buy raw materials from CLQ ( Easpring partner)..


3. Ben says we are looking at multi-billion dollars deals = sell 100% of Sconi production at once × long term

I think AUZ's partner would be more like global battery makers or car makers unlike CLQ's cathode maker as cathode makers can not do multi-billion dollar deals.

4. If AUZ sells 100% of Sconi production (offtake) this Feb or March = Mcap should be well over 1.5B = 60c ( multi-billion $ deals & partnership)

5. Flemington = Sunrise
Same ore body, same grade = we saw the driiling results.

Sconi Offtake, BFS and Flemington drilling results (extention) = March 2018
=60c +


All IMO DYOR