AZS 2.27% 32.3¢ azure minerals limited

Interesting reading. The open pit strip ratios look like they...

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  1. 2,582 Posts.
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    Interesting reading.
    The open pit strip ratios look like they are going to be quite high. They are not as shallow as I had anticipated.
    Dry stacked tailings management is expensive (compared to traditional slurry management) - the tailings has to be dewatered and then physically handled into place versus traditional pipeline and impoundment deposit (cheap as).
    I've rated the project downwards upon reading this today.
    The ore grades will be very modest once diluted.
    Still think they should be doing more exploration before assessing the project economics.
    I don't see anything value lifting coming out of the scoping study.

    Gosouth
 
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