It's the cost and timing of a Duck head cut back that no one was really thought about. The 20k ozs will take some time to get as they need to cut back the pit once they are given the green light. The cut back will require capital, so current cash surplus will diminish - cash will become tighter. It will then all be about getting the high grade into the mill and blend with the low grade stockpiles. Let's not forget about the weather. Can they mine and deal with potential flooded Duck head pit with a lot of rain. I await with anticipation at this story starts to unfold over the coming months.
BDR Price at posting:
12.5¢ Sentiment: None Disclosure: Not Held
