AISC has $170/oz from Duckhead stripping. Aside from that, this is a great result. I' a little disappointed that the ROM stockpile is only 0.8g/T. But I'm sure the share price has been pushed backwards because the company has gone backwards cash wise in the last quarter. Bean counters can smell a capital raising. But they fail to take into account the US$6.8M prestripping of Duckhead. Aside from that, we would have gone forwards cashwise in the quarter. So there's no immediate cash crisis going forwards.
Cheers,
Tim
BDR Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held