This is a terrific report for a new plant, no nasty surprises, no flooded pits. The low production for january is because of incorrect ball size in the mill, now fixed, and they maintain their target of 200k gold or more for the full year. The first quarter production should come out at about 45000 oz for the first quarter (including the poor january) which equates to 72 million, less the 43 mill production costs, leaving 39 mill profit to pay tax on etc. I recon we are on track for 30 cps for the full year. Pick a PE and do the maths
BDR Price at posting:
$1.01 Sentiment: Buy Disclosure: Held
