revision by ord minnett expected, page-4

With the current hedge in place, our weighted average price of silver sits around $24 an ounce, provided they can get production up to 200k ounces a month.

The real risk to CCU now is the price of silver. So where is that heading? I think we could be in a holding pattern for the next 3 - 4 weeks. The SP has run up nicely, time for a breather. It's going to take some more positive news to get it running again.