risk vs reward, page-166

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30/03/18

13:18

Post #: 32140801
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Originally posted by Sentrypetal ↑

After the resource crash of 2012-2015 there are no players who will lend ARL or AUZ a billion dollars. What is happening is money is following into companies with no potential of development and detracting from companies that do. ARL and AUZ will only be built in 2023 that is 5 years. Why because 0.1% cobalt with 0.3% Nickle costs half a billion dollar in processing facilities. Now think logically. If you get 0.2% cobalt suddenly your facility costs is 250 Million (very doable) if it is 0.3% suddenly it only cost 125 Million (easy easy) Increase the grade of Nickle or Copper and produce cobalt as a byproduct also viable. All rough ballpark figures but useful. Labor costs is negligible compared to the facility costs. We are in Eastern Europe not Australia the average salary is 860 euros a month. All we need is to find the narrow veins and the grade and economics will work itself out.

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AUZ production Q1 2020...ARL 2021...Cap Ex for both AUZ and ARL $600M...

EUC Price at posting: 7.7¢ Sentiment: Hold Disclosure: Not Held
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0 Great analysis

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risk vs reward, page-166

Top Stories

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