Yes that is very true they used the low grade ore in the stockpile and have been mixing it with the highgrade Duckhead ore to create a reasonable grade. This will prolong the life of Duckhead while they prove up the rest of Tucano and drill and prove up the other deposits near Tucano. The other deposits are not far from Tucano so it wont be a matter of significant infrastructure costs to get this ore to the Tucano mill.
The ASIC aggregate shorts total has dropped another mil to around 15mil now. I still say this was designed to exhaust the shorts in line with the paying down of debt to MacBank. Whoever it is didn't see the new finance arrangement coming and still has about 15 mil of shorts left. That wont take long at this rate of between 1.5mil to 2.5mil a day now. Actually IMO the 15 mil is more like about 8 to 10mil now as it is about a week behind.
So all else being equal that is good news for holders and anyone who has watched this stock for 6 months will understand what Im talking about.
BDR Price at posting:
50.5¢ Sentiment: None Disclosure: Not Held
