Hi Dyno,
The US200m is for contingencies. I have read from various articles ranging from US150m to $200m.
Yes, despite the delays I am still optimistic.
Sconi is a very good project and one which can deliver profits &, good returns to SHs.
However, the project needs Off taker(s) and funder(s) but I am sceptical that the board has the experience to tie-down-the-knots on such a major project.
I strongly believe AUZ needs to bring in a small highly specialist team who is well experienced in negotiating Offtakes and funders alike.
Even if AUZ employs a few such specialists the board can fund them for a 12 month period or longer by taking paycuts from their mega salaries. Once Sconi is up and running the Board members will be absolutely loaded; just a small sacrifice for a short period for an eventual huge gain...AIMO
Scandium, page-68
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