Cash should flow from Australian Mines' long-life Sconi

WITH ore reserves increased and a fund raising currently in train Australian Mines has claimed its Sconi nickel-cobalt sulphate project will generate A$5 billion in free cashflow over a 30-year life.

Cash should flow from Australian Mines' long-life Sconi  Cash should flow from Australian Mines' long-life Sconi  Cash should flow from Australian Mines' long-life Sconi  Cash should flow from Australian Mines' long-life Sconi  Cash should flow from Australian Mines' long-life Sconi

Laterite from here in Queensland is expected to yield substantial nickel and cobalt sulphate tonnages

That equates to an average of about $166 million per annum, with Australian Mines currently being capitalised at about half that quantum.

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