SMM 0.00% 0.3¢ somerset minerals limited

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  1. 5,253 Posts.
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    Highlights include

    Milling rate at Punitaqui increases to 2230 tpd (22% increase on
    December 07 quarter)
    • Recoveries are running at 76.3% representing an improvement of 4.0% on
    the December 07 quarter
    • Mined production rate has increased to 2015 tpd (90% increase on
    December 07 quarter)
    • Mining is moving into higher grade zones
    • The 3000 tonne per day production rate target is set to be achieved by the
    end of April 2008
    • Investigation underway for 4000 tonne per day production scenario
    following an outstanding open pit exploration discovery at Dalmacia

    not forgetting they expect costs reduced to 1.30/lb by end of year

    looks like a good buy at these levels
 
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