BDR daily SP movement, page-1788

Tim
Here is the thing - we celebrate Duckhead as a strong cash generator but if we have 6.8m usd this quarter , a few Mill last quarter and a few this quarter to pre strip and a couple of million to process then Duckhead AISC ends up being 500-600 , so although great not a huge balance sheet repairer.
The issue with BDr is we are now in 2016 , a year after the supposed debt free date and they are still 57m odd in net debt, will have to spend money on new crushing capacity and will need to fund underground. Any issues and they will be in trouble. Hopefully Duckhead puts another 15m in the bank over the next 1-2 quarters