hobojoseph. Is the lead not being taken into account , Would you say thet they seem to have a lead mine with some silver credits ?
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Not sure I understand your question. In my view the Silver component is the main interest that investors will have, the lead component from what I can gather simply gives credits to make the mining of silver cheaper.
I think it would be great to see an official release from CCU updating their expected cash costs (net lead credits) given the increased lead prices since their latest update on this figure.
Looks like the climb to 20c this time will be much more stable, so when it passes 20c it is more likely to hold and break higher quickly.
At the current price of CCU (18.5c) you are only paying 43c per ounce of silver from their 50m oz resource. Spot price is AUD$19.67, so only currently paying 2.1% of this resources spot value, with potential for further increases in the resource I wouldn't be sitting on my hands waiting for this one to come down too far.
Not to mention CCU continues to form the handle on a huge 6 month cup and handle pattern, look out when this breaks the 20c resistance!
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