Cobar Consolidated Resources Limited ASX Release _ December 2013 Quarterly Activities Report 31 January 201 4 Processing Plant During the quarter 188,945 tonnes of ore was processed at an average silver grade of 109g/t. Silver production was 469,179oz, 24% higher than the previous quarter, continuing the upward trend seen over 2013.
Over the quarter production was 24% higher than the 3 month period before,their plan is for this growth to continue so looking 12 months down the track production should be 96% more that it is now.
In other words double.
If the silver price trends north like all the big gurus are predicting then paying of the loan will be happening at a good rate.
You cannot look at todays figures as a prognosis for the future.
The only way to buy a house is through dept. The only way to get a business up and going is dept.
Im happy to wait to the end of 2014 if they are struggling then well Then...
cheers
CCU Price at posting:
9.5¢ Sentiment: Buy Disclosure: Held