Gold sector is being sold down in general, everytime it gets a role on it gets sold down.
BDR Quarterly I think the market was expecting the absolute best outcome of full production, clearly BDR has been using the lower grade ore of about 1.5gramms p/ton to accomplish production of 11000oz for 1month means 2750oz p/week for a month and 392 oz p/day
at 400tons per hour with 1.5 gramms p/ton = 464oz p/day.
Clearly things will get better in march when the Duckhead deposit comes into play. 3248 per week 12992 per month
This is less than anticipated and the market is very skittish.
These figures are just an approximation using 1.5gramms per ton so feel free to correct them.
BDR Price at posting:
98.5¢ Sentiment: Hold Disclosure: Held
