MD (Ian) is expecting to be holding the first bar in 4-6 weeks. But according to their more recent annoucements they should be 'commissioning' (pouring, amongst other tasks) before before the end of April, of which I am expecting to see an anouncement.
Breakdown of Quote -
"The construction activities are well advanced and we’re now looking at progressive commission of major process steps and plant material,” Mr Lawrence said. “We still have to perform the usual checks on the equipment and processing plant before we can begin adding the feed and start producing silver....."
Refering to the 4-6 weeks
"but commission is imminent"
Refering to anyday now they will begin pouring.
I don't expect them to be at full production in 6-8 weeks as was refered to in another post. That sounds very ambitious, but I would love to see some revenue booked before the end of this financial year.
Silver hasn't held up so well this week, but CCU has held at that 65cent support...... so far.
CCU Price at posting:
64.0¢ Sentiment: Buy Disclosure: Held
