20 DECEMBER 2013 Commercial Production The Cobar Consolidated Resources Limited Board toda y declared commercial production had been achieved at the Wonawinta Silve r Mine, effective 1 December 2013. This means that from 1 December 2013, operating and development costs and sales revenue will no longer be capitalized and will instead be expensed or recorded as revenue. The declaration that commercial production has been achieved recognizes that the mine and processing plant are capable of o perating at design production levels. Actual silver production will v ary from month to month according to feed grade, ore throughput levels and recoverie
my sentiment buy and wait longer term.cheers.
CCU Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held