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6.5¢ beadell resources limited

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unclescroodge

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17/11/15

07:45

Post #: 16410348
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Originally posted by atomic79 ↑

Uncle,

I can confirm the following:
Underground release mid December.
Production continues at October rate with more sulfide ore.
Duckhead stripping continues.
MACA performing very well AISC unchanged at $750 to $850.
Mill feed rates are stable.
Head grades similar to October.
Target updates for next year will not be released for sometime until new management is very confident of 2016 guidance targets.
Rom is still increasing for wet season.
Haul roads and pits have never been better prepared for a wet season.
New CEO has been interested in coming on board for last six months. He wanted his own team and sees significant upside potential in BDR. They have been on site.
The new mine manager has significant experience mining in wet conditions.
Updates will be quarterly unless significant drilling results come to hand.

My takeaway.... December on target 40,000+ ounces.
Wet season won't be a problem IMO.
The company appears to have finally pulled it's finger out.
Move that dirt...

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Onwards and upwards atomic. Good info!! Not too far away from new financial year.

BDR Price at posting: 16.0¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

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