I am new to AUZ and have a few shares in the stock and am definitely long.
What's people's thoughts on;
1. The amount of shares issued; currently over 2 billion shares. The sheer volume auz has will limit this stock from exploding upwards?. Clq has only on 580 million.
Stocks like has and heg have less than 200 million each. If we are all backing the growth of batteries and EV market, is AUZ with all their shares going to give a good return? Many more shares will have to be issued at this SP to raise capital to build a mine. Let's say a mine costs 150 million to build at scion, at 10 c thats another 1.5 billion or approx 75 percent further dilution. Thoughts?
2. What is the cost to mine cobalt? I havent seen many figures? Does anyone have any all in costs per tonne to mine so we can get an idea of margins?
3. What is cost to build mine?
4. Does anyone know what percentage roughly of mining companies that do a BFS that actually get finance and move to producing?
AUZ Price at posting:
9.3¢ Sentiment: Buy Disclosure: Held
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