AUZ 0.00% 1.1¢ australian mines limited

I am pretty sure they can do it based on the 100% off-take...

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    I am pretty sure they can do it based on the 100% off-take commitments from SK. You got a monster-rich counterparty that is promising to buy all production from the plant. What investment banker wouldn't want to take that on ?

    That is the brilliance of BB's deal. He got enough to finance the mine, with no cash from AUZ or SK.

    SK took an option on 20% of AUZ at a fair price, as compensation for their 100% offtake.

    Good deal all around. AUZ leapfrogs to development, SK gets resource security for no cash.
 
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