Not there yet. I'm looking over the figures.
Results 5% better than expected, with $2.488 million positive cashflow.
Production for the quarter includes:
(Hmm, a gold producer too!!!)
- 7777 tonnes of metal zinc
- 636 tonnes of copper metal
- 2394 tonnes of lead metal
- 117,308 ounces of silver
- 313 ounces of gold
I have an issue with costs as it shows US dollar figures for metals. Is that the same for other dollar figures?
There is a load of exploration done but no news besides "been extremely encouraging"... I'd like to know exactly what that means.
Cash backed now! That's a positive.
The estimated cashflow is reduced next quarter and I have a few questions relating to this.
First, is the development for the tin project or zinc extensions?
Second, admin is up $500k. Is that for the DFS?
Third, production down $250k. What is the reason?
Plenty of numbers to play with, it gives costs, haulage, etc. ;-)
Not bad for a company expected to be bankrupt. Lmao!
We have major exploration paid for (over $20 million) and answers to those extra questions to come. Remember, we are paying off a small loan too, so once that is gone, our profits will increase and any increase in zinc price will go straight onto bottom line.
Remember, at the time this quarterly was produced, zinc hadn't jumped yet.
;-)
More comments to come once I get time to digest it all, and make a few phone calls.
Not there yet. I'm looking over the figures. Results 5% better...
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