It's early days so I'm not too concerned with the production figures. What I found interesting is their current hedge position (better than I thought) and their debt position (worse than I thought). Given that metals are bouyant and look to stay reasonably high (certainly far higher than their hedge contracts) than in my mind this could still be a little ripper if drilling successfully adds some substantial resources. Even with current resources and expected production...approx three years (maybe a little less) - and we have a serious money maker...I will have some SPP thank you...
LAF
lafayette mining limited
