CCU cobar consolidated resources limited

cash burn

  1. 297 Posts.
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    Has anyone got any idea of the current cash burn of CCU?

    There was an Ord Minnett report at the end of last year which reported CCU's cash burn at A$4m / month.

    With that kind of cash burn and at current silver price of A$23.20 / oz, I worked out that CCU would have to produce more than 172,413 oz / month of silver to become cash flow positive.

    Has anyone else came to a similar conclusion? With the ball mill now operational, will the cash burn rate will now higher? Any comments would be appreciated.



 
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