My concern is the following:
In the September quarterly we were given the grade of ore from mine production and grade of ore that went through the processing plant for July - September.
However, yesterday's "Operations Update" ASX announcement started:
"Cobar Consolidated Resources Limited (ASX:CCU) announced today that lower grade ore was impacting silver production during its commissioning and transition phase.
The lower grade ore is arising from two sources; Medium grade ROM stockpiles where the grade in the stockpile has been overestimated, and lower than expected grade ore from the Boundary pit."
I continued to read the ASX announcement.
Unless I missed it, there was no mention of the grade of that "lower grade ore."
So what does one do? Speculate about the grade?
get a grip, page-49
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