The financials are a touch disappointing but overall a good quarterly report. Looking forward it's actually outstanding.
Costs have increased but this was somewhat expected.
Good news is the trucking issues seem to have been sorted. There was 1050 tonnes added to the stockpile in the September quarter, this quarter only added 220 tonnes (contained copper), given AVM mined 500 tonnes more than the previous quarter deliveries have substantially increased.
There is still 1500 tonnes of contained copper in concentrate ready for transportation, likely to be reduced this next quarter.
The best bit was the forecast 40,000 tonnes of copper to be produced this year, a 60% increase over the last quarter! Cu is currently 50c higher then the average prices obtained in the Dec qrtr. We can expect each quarter to be progressively better than the last for quite some time.
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