AUZ australian mines limited

Some Interesting Points

  1. 91 Posts.
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    Going over the investor presentation - always worth rereading.

    1)
    AUZ states "During the negotiation process of the Sconi off-take agreement, Australian Mines held discussions with a number of interested parties.  Following the signing of the SK Innovation agreement, some of these interested parties have continued dialogue regarding Flemington project."

    2)
    I thought we would have heard more about scandium off take partners however not so sure now.
    As AUZ states
    "Sconi's scandium upside - build lighter, stronger cars.  
    In addition to working on developing multiple battery metal operations, Australian Mines have established a Research and Development Division researching the application of MIG fighter-jet superalloy for the electric vehicle sector."

    I hope they are not reinventing the wheel and that they are perhaps going to be supplying an end product that will be required by the EV market.  Seeing as scandium is being used for 3D printed products and parts.

    3)
    "The Sconi Project FS is being prepared on the assumption that AUZ does not sell a single gram of scandium oxide over the course of the operation.  But with an apparent sale price of US$1,000kg and an estimated 70,000 kg of it being produced as Sconi through the course of producing the cobalt sulphate and nickel sulphate, scandium oxide does offer significant upside for the Sconi Operation"

    So they are leaving out $70MILLION PLUS from the FS.  
    They must have a value add $$$ number that must be quite significant.  
    Has there been any glimpses of what they intend to do ?

    Has anyone heard mention of this R&D division before the investor presentation ?

    4)
    Another point made by AUZ "As a result, Australian Mines is progressing beyond simply delivering raw materials or concentrates to market.  We are, instead, value-adding by producing the actual chemicals required by the battery manufacturers.

    Any info on the value adding and what the actual chemicals are ?

    I am assuming this value added service and product will have significant greater value above the LME pricing otherwise why bother  - Has their been any updated info.

    They appear to be certainly up to more than just mining.
 
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