some question marks about the information being provided by CCU.
1. The cut off point for resource / reserves recalculation has been increased to $US30 /oz.
I understood that when estimating the value of a mine an average market price for the metal over the last 3 years was the conservative norm to be used .
from global infomine charts the av. price over the last 3 years looks more like $US25. ??
2. From the presentation today we are advised that“commissioning of plant will be in february and and first ore processing will happen in april”
The site photos suggest that start ups are much further off than that.
It seems to me that that inaccurate and misleading information is being provided to put the company in a better light.
Anyone care to comment or correct my thoughts.???
GK
Note : the silver price was between $US5 & $US10 between 2002 and 2006.
questions about the information being provided
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