CCD 0.00% $1.73 caledon resources plc

downward momentum, page-10

  1. 229 Posts.
    On CCD, recent production report had full year production towards lower end of prospectus guidance.

    They want their mine to pump out 100,000 tonnes a month and so far they've averaged 50,000 (with some peaks at close higher rates). Still way ahead of traditional mining methods in difficult seams.

    If they can ramp up production towards the 100,000 mark we should see some better prices.

    Also have rights to distribute Magytar system so if they can prove it works, should do well.
 
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