One very important point is that the current fossey operations remains cashflow positive.Are the hedge prices for Zn and pb still in place and what volume remains.
It would be very interesting to know the breakeven metal prices at the new production rate,grade and increased operating costs.The $500,000 positive cashflow mentioned for the last milling operation would quickly evaporate at current metal prices unless recovery rates or grades improved perhaps?
What are BSM's options if metal prices dip below cost other than dipping into the new funds?
I note they say the bulk of the increased operating cost is due to the reduced tonnage thruput,can production be increased in the short term to avoid a negative cashflow?
Thinking out loud here,as its vital information when in my case taking up my rights issue puts my BSM holdings in an alarmingly large overall portfolio percentage.
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