Cashflow positive!

Finally!!! ($2.488 million).

Now cash backed with $2.826 million.

Using current quarter production, rates for the year would be:
- 31,108 tonnes of zinc metal
- 2,544 tonnes of copper metal
- 9576 tonnes of lead metal
- 469,232 ounces of silver
- 1252 ounces of gold

After going through the figures, it looks pretty good to me, especially if you factor in the recent rise in zinc, lead and copper prices.

Average : Now
Zinc - $2049 : $2302 (up ~US$250
Lead - $1751 : $2095 (up ~US$340)
Copper - $5896 : $6090 (up ~US$200)
Silver - $16.38 : $16.65
Gold - $1245 : $1207.80

Approximately, that's zinc up US$250, lead up US$340 and copper up US$200 or so, then factor in the Aussie dollar amounts.

Looking at the next quarter, there is an extra $500k admin and $543k for development. Remembering CSD is diversifying into tin while maintaining cashflow positive. Proof of that is that it continues being cashflow positive while spending over a million on the DFS and exploration.

Next stage is the DFS and the settlement of the transfers, plus some news about exploration.

;-)

TOOT