re: News: Cobar Consolidated's Ian Lawrence, ...
Great summary Gelxi TU from me.
The capital raising and restructure of some of the hedge will allow CCU to get over the short term hump. Even in April the mine produced ~$2.5 mil of silver so that's got to help the bank balance!
After production has got to about 200k per month there will be a big stash of cash that can be used to pay down the debt early - the interest cost wasn't so much of an issue with silver up around $30 per ounce but down around 22 an ounce it eats into your margins.
Like you said, a confirmation of production cost $per ounce would be handy, and also how much the lead concentrate is helping to reduce that.
CCU Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
