SMM 20.0% 0.4¢ somerset minerals limited

Hi oly, one of the main concerns IMO is the low grade. The life...

  1. 487 Posts.
    Hi oly, one of the main concerns IMO is the low grade. The life of the mine is apparently 1.5%, and they've been mining at 1.05%ish. They have recently hit 1.33% in June which was forecasted and we are hoping is a sign of things to come, but even at this grade costs are 2.15 for the month. This is down from 2.39 from last quarter tho.

    If you want posters opinion of it check out previous threads with "costs" in the title, but be aware us rag tag bunch of TMR posters do not always get things right (myself included).

    If you want TMR's view, May Investor Update has a bit of useful forcast info in it but obviously is going to be best case scenario.

    Sorry don't have time to post more, GL with w/e decision you make.
 
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