I'm sure you've been following CSD for some time so you'd know things like the fact last quarter metal prices hit rock bottom and the fact CSD actually made a loss was to do with the expenses towards the finishing touches of its DFS.
Here is the zinc price for that last quarter and now. Up $400 per tonne... Just on the zinc produced last quarter, that's another $2.8 million to the bottom line.
(7189 tonnes of zinc produced.)
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Why I say that?
Well actually, the extent to which SPM is cashflow positive is still unknown and won't exactly be known until settlement (possibly afterwards).
Like I said, I could go on... Such as adding the fact the replacement cost for the mill is set to $100 million. The fact about the lease not being worth $16.5 million as it is probably worth a lot more given it was a sale between a small explorer and a producer. Don't forget all the trained and now experienced staff... The list goes on and $6.5 million doesn't even catch a cold let alone a mid-tier base metals producer.
I think I said this before, non-believers don't need to hang around. I know of a few that are adding to their positions as they know CSD is starting to shift into gear.
Good luck to you.
I'm sure you've been following CSD for some time so you'd know...
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