News: Cobar Consolidated's Ian Lawrence, discusse, page-14

re: News: Cobar Consolidated's Ian Lawrence, ... Wow thanks for all the thumbs up guys. Glad the summary helped.

I'm quite tempted to give Trevor Shard a call today to check on the cost per oz as I've been . That would be a critical threshold to watch out for - and it will indicate how well CCU is managing.

On digging out of the ground at a faster rate comment, mjshackl is right.

Analyzing the cumulative graph from the shareholder's presentation (see image below for extract)

Rate of Production:
Aug '12 : 45,000 oz / month (red line)
Sep '12 : 85,000 oz / month (blue line)
Oct '12 - Jan '13 : 128,750 oz / month (yellow line)
Feb '13 - Mar '13 : 151,000 oz / month (green line)

Note that this is the total amount of ore being mined (INCLUDING oversized ore)

As long as this uptrend continues, and the ball mill does its job well, 200,000 oz / month will be within reach.

We'll have to watch out for the Apr'13 - Jun'13 production rate in the next quarterly report on whether this uptrend continues, but based on what Ian has revealed in his interview for the April performance, I treat it as a good indication that the rate is still increasing.