AZS 0.00% $3.69 azure minerals limited

VRIC, page-3

  1. 1,581 Posts.
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    zinc price continues to drop. At US$2479/t it’s 20+% below the scoping study price assumption of US$3108/t. The Project is (at best) extremely marginal

    Keep in mind, the scoping study shows a zinc equiv price of US$2240/t needed simply to fund OPEX at Oposura.

    This project is not a profit generator. Not even close. And the worst thing - the co is currently trying to raise working capital via share dilution

    You think DB got a good deal buying out Drake at 11.5c? Let’s see about that.
    Last edited by Mossberg: 07/01/19
 
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