CCU 0.00% 5.8¢ cobar consolidated resources limited

how high can it go?, page-9

  1. 2,388 Posts.
    We still need mine approval and financing. We still need to build the mine and ramp up production. Current forecast time lines to production are projections only

    This baby won't be unleashed until the actual production of silver becomes crystalised reality. What we have here is the warm up act.

    Bringing a mine to production is never straight forward we are counting on management to deliver on their project plans. As long as we are kept up to date with the progress of mine development we should have a nice steady rise.

    We're probably fair value at the moment considering the stage we are at and price of Ag. We're now being driven by speculation on even higher prices of Ag down the track, I don't think it's healthy getting too far ahead of ourselves.

    With a positive financing announcement and mine approval however we could see another leg up. With the current buying strength however (assuming all boats are leaky) I can only assume all is going well.
 
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