At A$0.04 share price the market cap would be equivalent to approx US$93 million at the no. shares issued post placement (3.235 million as per page 12 of the prospectus) , which is very low for a fully permitted project with low capex requirement to get into production. IF permitted and with + 5 million tonnes in resources with a grade of around 12% Pb+Zn in mineralisation amenable to underground sorting (= dilution can easily be compensated for, the plant feed may even be much high saving on haulage cost), this will be a much more valuable proposition.
AZI Price at posting:
0.7¢ Sentiment: Buy Disclosure: Held
