Receive replies from CFO, Will B. that March Quarter's copper and gold production has been positive from the higher Cu and gold head grades, metallurgical recoveries (90+% vs 72% in the previous quarter and lower consumables).
We also can look forward to a resource upgrade this month for Red Terror to include all the recent drilling results from the Central Lode and DDD Lode. Current resource of 90kt of 3.4% Cu and 0.8g Au only encompasses the South West Lode only.
I managed to buy more last Friday at 7.1c. Hoping that is the bottom and the incorporation of the Pearse project which I understand will be done ASAP and the gold circuit will be the start of the turnaround for the SP to propel itself to the mid 20s at the very least.
Also from the Bloomberg video clip, Pearse Gold & Silver project is highly profitable with a cash cost of $500/oz(C1 I think). RCR research thinks it is in the range of $400-$500 from their report sometime back.
KBL Price at posting:
7.1¢ Sentiment: Buy Disclosure: Held
