GREY:ADAIF - Post by User
Post by
retep6on Oct 17, 2008 8:51am
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Post# 15531050
From Q2 Report:
From Q2 Report:"Cash cost per pound of payable metal (zinc and lead) sold for the period was $0.78, which
exceeded the cost for the first quarter operating period by $0.06. The increased cost of
production reflects the above described production issues experienced in Q-2. Cash cost per pound of payable metal (zinc and lead) for Q-3 is forecast to decrease to approximately $0.55."
Not much chance of being cashflow positive with 49 cent Zinc. A difficult situation for all base metal miners for now, it really comes down to survival now. Can the company hold on til prices recover?
GL all