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.
CCU Price at posting:
16.5¢ Sentiment: Hold Disclosure: Held