It's going to be interesting to see the production figures for the first quarter of this year. After all, that's what the company is shooting for - getting up to name plate.
The infill drilling program is a positive step - if more silver gets put into the reserve category then serious thought will be given to increasing the processing capability of the project. It's best to wait until all the kinks have been ironed out in what has been already installed and then apply the lessons learnt to get the new equipment producing at nameplate sooner.
Just watching ABC business show this morning saying small cap resource sector is seriously unloved, but as the bull run continues big money will stop chasing yield and start looking at the small end of town. This will also be the signal for the end of the current bull run.
CCU Price at posting:
32.0¢ Sentiment: Buy Disclosure: Held