Expect Qtrly tomorrow. What gems will it hold. I think there needs to be more news wash out re the Mon loan repayment potential, $4M, and details of Prices of Copper for first 4000 until 2014 as contracted and the negotiated price for qty over this before there is clarity. If capital raising can be avoided,I guess it will, and production targets at Surda are meet with decent price for product there seems to be light. Worth noting the expenditure to date, I think close to 10M, on infrastructure is largely one off and suggests the current copper price reasonable if this is paid from cash flow and not debt. The Pebble creek Ann today certainly looks good but will need the new laws past in parliament to realize potential I would think. Current market conditions and sentiment will require patience. 12 months may be required to get direction. All just imho.
IRL Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
