AZS
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0.00% $3.69 azure minerals limited

Ann: Fully Funded Trial Mining at Oposura, page-44

  1. Dazedandconfused
    7,564 Posts.
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    08/06/19
    10:04
    Post #: 38971843
    A $2M con note @ 14.5 cents represents close to 15% of the company. Given that AZS now retains 100% of Alacran it looks a low risk deal for the note holder.

    Hard to see much profit in this for AZS. A 200Km trip to the processing plant is 400k's round trip... transport of mined ore is a significant cost. Toll processing costs and will eat into any margin... with AZS utilizing the high grade the economics of a long life mine will dwindle with every tonne removed. The deposit is small and mining the high grade will make it even more marginal.
    AZS Price at posting: 9.8¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch. 1  Great analysis
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