Union Hill is close to the mill so lower grades can be economic. Take your point about drilling but they do not have the finances to do extensive drilling right now. If they did not have Union Hill last Quarter the only ore going through Maldon would have been airleg stuff from A1. No where near enough to sustain the mill. You need to consider that they have ramped up the mill and the workforce. If you slow it all down you loose the employees you have just trained up. They managed to break even last quarter despite the problems at A1 and they kept their workforce employed. Hopefully now we reap the reward. They will only drill out a few quarters in front at present until there is more money in the kitty.
CTL Price at posting:
0.9¢ Sentiment: Buy Disclosure: Held
