Unless there have been large unexpected production costs above previous quarters the costs should be much improved. One of the main reasons C1 & C3 costs (which are net of by-product credits) have been so high was that the Cu recoveries have been so poor in previous quarters which I previously mentioned. Also a very nice increase in Au & Ag content in the copper concentrate means that the recoveries there have also significantly increased which will also help with the C1/C3 costs.
This should be a very profitable quarter IMO and just in time to bring in the 2nd mine.
RVR Price at posting:
17.0¢ Sentiment: Buy Disclosure: Held
