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.
Yes, but it's too much for the noisier correspondents in here. They're supposedly mining experts but cannot manage this calculation.
But never mind....The operative point is that
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.
[emphasis added]
It makes you wonder. This stock has definitely been a disappointment many times for a variety of reasons. The point is to be calm and reasonable...And the issue is the future and how it stacks up on that.
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