Ann: General Meeting Presentation, page-43

I phoned Azure and asked about the cash gains from the small scale mining. Apparently Azure is not at liberty to speculate about profitability from the small scale mining, without having completed a full feasibility study, and that could cost a million dollars. However the gains from this mining can be roughly determined from taking 3000 tonnes of ore (monthly ore mined) and knowing the percentage of zinc, and the spot price of zinc, and then allowing for 30% for the cost for mill processing (70% retained by Azure), and deducting the mining and transport costs, the return over a 12 month period is quite significant. These funds can cover the cost of the feasibility study due in mid 2020 and other overheads, and prevent the company from having to raise funds through other means.

Makes sense to me.