I agree Happycats...I would have put the fiqure a bit higher at $80 to $100 per ounce for Duckhead...all a bit of a guess....I wish the company would report these things as individual items. Save me calling all the time to try and clarify ...I think that would put AISC at around $800 to $820 for the december quarter..this needs to fall to around $700 IMO...a combination of higher grade feed and less wet preperation work should achieve this....Their net debt of about $60 million needs paying down Asap IMO as well....most analysis I find fail to dig deep enough into the numbers...hence the sell down today by poor number crunchers... who will be back....
Anyway IMO the December quarter was sufficent to form a foundation from which to move forward...the capital raising that I hear from some hc members who continue to bla bla about is now past....onwards and upwards from here IMO...
Move that dirt....
BDR Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held