From seeking alpha: "Processing capacity remains the Achilles...

From seeking alpha:
"Processing capacity remains the Achilles heel at Tucano. The plant has a nameplate capacity of 3.5M tpa, and run rates of up to 4.3M tpa have been achieved in the past. Annualized Q3 milling rates transfer almost exactly to the nameplate tonnage, but lag higher milling rates reported on a regular basis in 2014. We believe that the reason for the reduced throughput lies in elevated levels of primary ore that has been blended with oxides in order to achieve recovery rates around 90%. The higher level of primary ore is turning the crushing and grinding circuits into bottlenecks that are currently keeping Tucano from reaching its full potential. We therefore expect Beadell Resources to purchase additional crushing and grinding capacity in the near future and we budget $10M for this purpose in our economical model for this purpose"

Comments from the author of the above article:
"Duckhead cutback is weighing on costs, as is increased stripping prior to 2016 wet season. I expect AISC to go down substantially in Q1 and Q2 - provided the impact of wet season is managed better than in the past two years. With MACA in charge of mining and new management with operations experience there is a better chance for this to happen".

Lots of upside for bdr. Exciting year ahead IMO. This time next year we should be north of 50c(hopefully)