Yes. Revenues will obviously depend on commodity prices...

Yes. Revenues will obviously depend on commodity prices (primarily zinc) in 2021-2022, offset by whatever offtakes are negotiated prior to then

But the company needs to raise capital much sooner than that. And its ability to do so, and the price at which equity dilution occurs, will be determined by the price of zinc over the next 12 months

Are you a zinc bull? Anyone currently invested in Azure must assumes Zinc will rally hard next year. Margins for the project are wafer thin. If commodity price tanks (China slowdown, Strengthening USD etc) the project may be a non-starter.

I’ve provided references and detailed tables and calculations to back up what I’m saying. If anyone would like to contest the points raised using information from the scoping study I’d love to hear it