AZS 2.27% 32.3¢ azure minerals limited

Ann: Oposura Mineral Resource, page-34

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  1. 1,246 Posts.
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    Sorry but talking about debt financing a deposit as small and marginal as Ospura defines optimism .
    Even the grade although quite OK wasn't exceptional , particularly for that portion which would be underground mined .
    People don't lend on that !
    The "other means" is the only realistic possibility ...equity raising !

    Just for comparasin have a look at Herrons resource .
    HRR of course have a much bigger mkt cap but they have done all the raising and are nearing production.
    (Above ground) tailings : 11.6 million tonnes at 6.2% Zn eq ....no mining required !
    Underground : 7.2 16.0
    Well over a million tonnes of Zn (eq) contained .
    It's got the size , the grade and quality that Ospura does not but when it raised $240 mill to finance ,$140 mill of that was still equity !

    I'm not trying to be nasty ,(some might say I don't need to try ), just to point out what is a realistic possibility and what isn't !

    Truck it !!!
    Simpler , less risky , less dilutive !
 
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