Ann: March 2016 Quarterly Report-BDR.AX, page-10

@loki - great post. I do however think that BDR will prove you wrong in regards to good production figures later in the year.

Paris - IMHO, to be blunt you are being impatient. As per my earlier post today, BDR mine is not some small play thing, its a huge beast with many, many moving parts, all of which were being utilized in what can only be seen as a highly inefficient manner (I am being polite).
The hard work that the new team have been doing is clear to see with the following two tables.





On site costs are almost comparable! Yet they faced the wettest March on record.
Overall cash costs only 10% higher than in the Dec quarter (for me that means they are already seeing a huge improvement in their overall productivity and access to ore)
Capitalised stripping, still high, but needed, because as they are trying to tell the market, the previous mine plan was a piece of shite... So they are both cleaning up old mistakes and ensuring that over the longer term, such costs will be greatly mitigated by having easy access to large bodies (or high grade) of ore in both the wet and dry.
Then you have the difference in gold recovered and sold. Both a bit lower than the Dec quarter, yet cash costs only 10% higher... Grade is even lower (approx 15%), yet... ASIC is just $3 higher.

I think this is what the big end of town is looking for. The quarterly clearly states that further cost reductions are to come.


Once question if I may for fellow posters. Sustaining exploration cost $28 an ounce. Does that mean that BDR was able to drill 33k metres of drilling for 900k? (I realise much of this is grade control), but I just wonder when BDR is going to really ramp up exploration?