BDR beadell resources limited

Any good news? Not likely . ., page-3

  1. 3,950 Posts.
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    Actually I think news might be due. I have re-read the latest announcements and they are strongly hinting that Duckhead (is preliminary analysis suggests 35-45,000 ounces, Duckhead mining likely in 2015) is going ahead and if it is they are going to do it in July - December. Given the very high grades, the number of times they hint at it and the fact bonuses are linked to production figures that it is a goer which gives us an instant 25% increase to production at lower costs than experienced at Tucano.

    Drilling has been ongoing so I expect we might get news that Duckhead is go for 2015 or we get more drilling results. If so they should be out in early April, after this I suppose they will be putting together the quarterly report.

    Of course the price action is not showing any sort of pre-cursor to a positive decision on Duckhead or rapidly decreasing costs at Tucano so it's wait and see.
 
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