AZS 2.27% 32.3¢ azure minerals limited

Ann: Oposura Mineral Resource, page-15

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  1. 1,246 Posts.
    lightbulb Created with Sketch. 88
    OK I can't be bothered doing exact figures BUT ;
    1.They aren't producing Zn and Pb metal(AZS have indicated no smelter) but a concentrate which will need to be refined so factor that into what they get paid for product
    2.Recovery from memory 85%
    3.Resources are not reserves , some good portion of this will be but not all .
    4.Most of the I/G value will get used in mining and milling .
    I was working on a 20% margin ...a guess ...maybe more maybe less .
    5.Fully discounted looks to me like NPV around $50-70 mill which is OK for the size of the company IF it can actually be developed .Despite what Salpetie says (which does influence my thinking ) looks at best borderline "stand alone" to me with likely better value trucked somewhere if that's possible .

    Todays announcement reasonably as expected .
    To be honest Salpeties post 2 cents worth encouraged me a little though !
 
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