I'm quite positive on AUZ at this point and will be an "very upset" results if financial fails.
As we can all agree at this point of time nickel global demand is on a booming demand cycle which some called "the perfect storm for AUZ".
Class 1 Nickel refinery plants are never cheap to be built in any country, most of them are above $1bil AUD. So to jump all these hurdles are not a easy task.
Nickel LME has been increasing lately because of the Chinese firm Tsingshan holding group who is mainly buying large quantities of nickels for stainless steel production. Could be fear due to global reasons... and EV materials future shortage and price sky rocket IMO.
Nickel is no longer a single application usage like cobalts(energy storage) which history's has dictates as a volatile commodities like cobalts.
To keep up with futures demand will be a tough task... it's not a cheaper plant like lithium's which can range from $160mil U.S.
it's 1 billions dollars onwards refinery...
It will be very difficult to even get funding to keep up demands.
hence Mr Market is not going to place lots of bets before funding...
GLTAH... awaiting the good News. DYOR.
I'm quite positive on AUZ at this point and will be an...
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Last
0.8¢ |
Change
0.001(6.67%) |
Mkt cap ! $11.18M | |||
| Open | High | Low | Value | Volume |
| 0.7¢ | 0.9¢ | 0.7¢ | $45.94K | 5.737M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 4463881 | 0.8¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.9¢ | 4364826 | 10 |
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| Last trade - 16.10pm 03/07/2024 (20 minute delay) ? |
| AUZ (ASX) Chart |