AZS 2.27% 32.3¢ azure minerals limited

Well as usual the SP is a fizzle... Tony sure knows how to drive...

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    Well as usual the SP is a fizzle... Tony sure knows how to drive the SP down... should have realized he has no idea how to sustain and drive a SP, if I had shorted this stock would have made a nice packet... any one selling now is taking losses for sure... no believer's here it seems

    Buy side has near nothing..

    Think Tony being the MD should make some phone calls to those that actually know how to drive a SP upward.. even a pump and dump would be welcomed at present just to create some interest..

    What is sad for the coy is onlookers are scared by history, lack of performance and millions of dollars that have accounted for nothing in over a decade.. so even if Teck bring Alacran to fruition it will take a bit for the market to respond...

    Locked in revenue is the only way this SP is going to move forward without massive amounts of dilution for the upcoming projects... looks like another TONY ROVIRA FAIL....

    bet the guy is already on XMAS holidays....

    Even reading this article from mining weekly notice how he uses the same type of wording that has no drive, "with the intention", why not use words like "if the Feasibility study proves to be sustainable we will mine Oposura for definite.".... typical Tony Roviras wording, possible, may, could, intention, potential.. all words that have no commitment

    Aritcle link if needed : http://www.miningweekly.com/article...ng-interest-in-mexico-zinc-project-2018-10-15

    PERTH (miningweekly.com) – The Oposura zinc/lead/silver project, in Mexico, will cost some A$69.9-million to develop, a scoping study reveals.
    ASX-listed Azure Minerals on Monday revealed that the project could produce 19 000 t/y of zinc, 10 000 t/y of lead and 145 000 oz/y of silver, over an initial mine life of 5.3 years.


    First base metal concentrate shipments have been targeted for 2020/21.
    The scoping study estimated a pre-tax net present value of between A$106-million and A$113.5-million, with the internal rate of return estimated at between 73% and 77%, while gross life-of-mine (LoM) revenues have been estimated at between A$494-million and A$508-million.


    LoM earnings before interest, taxes, depreciation and amortisation have been calculated at between A$229-million and A$239-million.
    “The completion of this study with its very positive project economics represents a key milestone for the company. We’re immediately progressing into the feasibility study stage with the intention of developing Oposura into the company’s first operating mine as swiftly as possible to take advantage of the strong zinc thematic,” said Azure MD Tony Rovira.
    “The style of the deposit will deliver exceptionally low estimated operating costs, driven by the near-surface, high-grade mineralisation and efficient openpit and underground mining methods which will see Oposura’s costs in the lowest quartile of zinc producers globally.”
    Rovira said there was also excellent potential that additional exploration, which was currently under way, would significantly expand the project’s resource, and further improve the economics and increase the mine life.
    “We see this project as technically and financially robust, and eminently financeable, and the company has received strong expressions of interest from debt providers, concentrate offtakers and strategic parties interested at the asset level.”
    Prefeasibility and definitive feasibility studies are now both slated for completion at the end of 2019, with additional drilling being undertaken with the aim of converting the inferred resource into the indicated category...
 
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