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2.27% 32.3¢ azure minerals limited

zinc price continues to drop. At US$2479/t it’s 20+% below the...

  1. Mossberg
    1,407 Posts.
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    07/01/19
    13:13
    Post #: 37044483
    zinc price continues to drop. At US$2479/t it’s 20+% below the scoping study price assumption of US$3108/t. The Project is (at best) extremely marginal

    Keep in mind, the scoping study shows a zinc equiv price of US$2240/t needed simply to fund OPEX at Oposura.

    This project is not a profit generator. Not even close. And the worst thing - the co is currently trying to raise working capital via share dilution

    You think DB got a good deal buying out Drake at 11.5c? Let’s see about that.
    Last edited by Mossberg: 07/01/19
    AZS Price at posting: 14.5¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch. 1  Great analysis
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