get a grip, page-61

granted, that's what concerns me .... maintaining that prod'n rate using 45g/t, a quarterly cash cost of higher than $7M per qtr (given latest qrtly is $12.2M) and CCU will book a loss ebitda for FY2012/13, allowing for $5M p.a. exploration and admin.

If cash margin on sales can stay around $10/oz cleared whatever the price of silver, then even on reduced margin CCU can survive on lower mkt cap while revenue +ve for life of mine.

else it is a shot duck.