CCU 0.00% 5.8¢ cobar consolidated resources limited

how low will she go?, page-31

  1. 7,224 Posts.
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    Hi Jantimot, they'll be processing grades below and above JORC, thats life. Wont see an average of grades till Dec 1/4.

    CCU are looking at the grades, they're the ones installing the ball mill to handle these issues, I sit 2000 kms away so have to trust they know what their doing of course, but have done as much research and made enough phone calls as possible.

    Having said that I'm a 10% type of fella, I may up this % in near future if this gets much cheaper, but for some to say CCU have no cash with a recently completed cr and 500,000 ozs hedged at $29 is unwarranted.

    Regards,

    TCG
 
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