re: pem - a few questions
Daisy was just started in the middle of the last fourth quarter. It should contribute 10,000 oz quarterly if they ramped it up. Flinders is my biggest disappointment so far because Management was not honest with this one in the past - the progress in Flinders is behind expectations. The same with Potosi - never ending story..and former CEO was by far to optimistic. IMO that's why he was kicked out. I will wait for the next quarterly and then decide what to do.
Zinc was up great today at almost ATH @ .65us$ - the cash cost HAVE TO be under .40us$ in Q1 to give us a reasonable .20us$ margin in Broken Hill and of course an output that is at the top end of projections. I like to see just one great quarter like Q1 last year.
If they don't turn around Broken Hill and Daisy turned to be a dog as well I'm out vry quick.
See ya
Lenni
PEM Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
