AZS 2.27% 32.3¢ azure minerals limited

Last point first ...there IS no relevant data ! There is no...

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  1. 1,246 Posts.
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    Last point first ...there IS no relevant data !
    There is no resource yet let alone a reserve and no details on mining costs !
    Sorry Dolce but you can GUESS at figures but not even the experts at this stage
    (and , no offense , i doubt you are ) can pinpoint figures the way you have and say that's the number !!
    Or assume San Felipe geology and ore distribution are the same .

    But yeah , I looked at San Felipe back when you mentioned ..(.no intention to look again)....in some detail at the time !
    But here's the thing ....
    Another marginal project that never got off the ground yet you are taking it as the template for Ospura !??
    Why ?
    What does that imply about Ospura !
    Never got off the ground ...wasn't even worth doing a DFS on !
    All the figures you quote re-SF are very dated too but thats not the main issue .
    No mention of milling costs at Osp .
    Recovery ?
    Net smelter royalty .
    C'mon.....
    I've done my own figures (which I admit ARE guesses) and I come up a payback period of 4.5 years over a mine life of 7 and a very low NPV and that just doesn't cut it for me .
 
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