AUZ 0.00% 0.7¢ australian mines limited

I understood your confusion and saw you posting several times...

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    I understood your confusion and saw you posting several times and asking for facts. Please have a read on the report in the link: http://www.metallicaminerals.com.au/wp-content/uploads/2016/09/Revised-SCONI-Scoping-Study.pdf This is a scoping study of SCONI project done by MLM 5 years ago. In the report, it states 0.11% Coverage feed grade before revision (option A) and 0.10% Co average fees grade after revision (option B). And the revised scope study is mainly focused on increasing Scandium production. Now Co is wanted by the world so option A is adopted by AUZ. AUZ used the exact the same number from this scoping study in their presentation and announcement. Also note that in the scoping study, the products mentioned is pure metals not their sulphate forms so remember applying a conversion factor. Hope the info helps.
    Last edited by noexam: 27/11/17
 
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