CCU 0.00% 5.8¢ cobar consolidated resources limited

Ann: Operations Update , page-19

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  1. 24,765 Posts.
    This is of significant concern imo:

    "The lower grade ore is arising from two sources; Medium grade ROM stockpiles where the grade in the stockpile has been overestimated, and lower than expected grade ore from the Boundary pit.

    While the reasons for initial grade estimation errors at Boundary Pit are currently being investigated, recent infill and grade control drilling has highlighted greater grade variability than expected."

    It's disappointing to see so many juniors have serious issues once they start mining.

    I haven't forgotten about this folks, from the quarterly:

    "The Company has 1.8Mozs of silver hedging in place at an average price of A$29.60/oz maturing in 10 quarterly instalments."

 
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