No probs Rizzla, CCU and AYN doing well today!!!
The following broker report from last year compares CCU and AYN for anyone that is interested.
http://www.ccrlimited.com.au/pdf/AYN_vs_CCU_Nov2010_FINAL.pdf
Some relevat figures are as follows:
AYN - Silver reserves N/A
CCU - Silver reserves 14.3 Moz
AYN - Silver resource 15.1 Moz
CCU - Silver resource 50.6 Moz
AYN - Forecast annual production 1.5 Moz
NCM - Forecast annual production 2.3 Moz
AYN - Operating cost 13.5/oz
CCU - Operating cost 8.5/oz
These figures were from last year and have probably changed marginally now? AYN's biggest advantage is that they are in business now. CCU is not to far away though and their production numbers stack up better. AYN's capital expenditure (10 mil) is significantly less than CCU (38 mil) as they are using existing plant.
Here is an article about CCU from 2008,
http://www.ccrlimited.com.au/pdf/RS_Oct_08_LR_Cobar.pdf
a relevant quote,
?If we can produce 3 million ounces
of silver a year ? that?s the targeted
levels we?re looking at now ? it will
put us in the top 15 silver mines in
the world.?
IAN LAWRENCE
MANAGING DIRECTOR
COBAR CONSOLIDATED RESOURCES
- Forums
- Commodities
- best silver exposures
No probs Rizzla, CCU and AYN doing well today!!!The following...
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