Has anyone got any idea of the current cash burn of CCU?
There was an Ord Minnett report at the end of last year which reported CCU's cash burn at A$4m / month.
With that kind of cash burn and at current silver price of A$23.20 / oz, I worked out that CCU would have to produce more than 172,413 oz / month of silver to become cash flow positive.
Has anyone else came to a similar conclusion? With the ball mill now operational, will the cash burn rate will now higher? Any comments would be appreciated.
CCU Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held