CCU 0.00% 5.8¢ cobar consolidated resources limited

Ann: Quarterly Activities Report , page-2

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  1. 3,948 Posts.
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    Interesting announcement:

    Positives:

    Silver is building up in the leach circuit
    Waste Rock mined is dropping as a proportion of ore mined
    Closed out a hedge.

    Negatives:
    June production down on May production despite the Ball Mill coming on stream
    Had 12 days delay due to bad weather (may as well say 50% of June was affected)

    The main concern I have now is cost control - they need to get monthly costs above monthly production - now that the Ball Mill is completed and an improved retort is on the way I hope that's the last of it.

    Everything is really hinging on the Price of Silver coming up. Without that we are really going to struggle.
 
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