CCU 0.00% 5.8¢ cobar consolidated resources limited

Ann: Quarterly Activities Report , page-2

  1. 3,872 Posts.
    lightbulb Created with Sketch. 1845
    Interesting announcement:

    Positives:

    Silver is building up in the leach circuit
    Waste Rock mined is dropping as a proportion of ore mined
    Closed out a hedge.

    Negatives:
    June production down on May production despite the Ball Mill coming on stream
    Had 12 days delay due to bad weather (may as well say 50% of June was affected)

    The main concern I have now is cost control - they need to get monthly costs above monthly production - now that the Ball Mill is completed and an improved retort is on the way I hope that's the last of it.

    Everything is really hinging on the Price of Silver coming up. Without that we are really going to struggle.
 
watchlist Created with Sketch. Add CCU (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.