AML aeon metals limited.

You won’t get an argument out of me that the management leave a...

  1. 1,544 Posts.
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    You won’t get an argument out of me that the management leave a lot to be desired in terms of communication and the pace at which they have undertaken the PFS. Going slow would be putting it mildly and blaming some of the delay on Outotec sounds like the dog ate my breakfast.

    The fact is the PEA or scoping study they did in 2017 is nothing like the PFS they are planning to put out. Have a look at the resource size, production rate and minelife they were looking at in 2017 vs now. 2017 PEA was a very marginal project that would have had no hope of funding. Different kettle of fish now and all significantly positive for project.

    Completely understand why people sold out given the time it has taken however this is an incredibly attractive and rare deposit in terms of cobalt. Very few sulphide cobalt deposits exist in 1st world countries at this grade. I still maintain that we won’t be the ones producing and OCP will be keen on management to look to run a process to sell to the highest bidder. That would tie in with management’s background.
    In terms of timing of exactly when - who knows but PFS will be the first time the market can see some numbers around the project (not counting the marginal scoping study..). Also the technical work done as part of the PFS will be reviewed as part of any due diligence.


 
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