Tbh I think it hinged on the last part. The flowsheet maybe as...

Tbh I think it hinged on the last part.

The flowsheet maybe as they were undecided on roast vs autoclave but given it was only SS level I would have thought there was enough work there.

And given where this conversation started if the ASX is questioning the validity of financing it the IRR must have been worse than anyone considered possible or capex way way higher than we thought because the AUZ numbers are skinny. Unrealistic commodity prices, low fx, NPV8 and it's still only an IRR of 15%.

Consider the fact that TAW, AJM, PLS all raised debt that cost circa 15% that would make the NPV of AUZ in reality zero on a $1.4bn outlay. Gross.

So conclusion if it was blocked on anything other than the exploration target ore being included CLA is screwed or ASX is very inconsistent. I will leave that up to other punters to decide.