TSXV:OSU.H - Post by User
Comment by
Bobwinson Nov 13, 2008 1:15pm
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Post# 15583897
RE: C-
RE: C-Not cashflowing yet.....
Big debt payment due 12/08
Hedges going to continue to require cash payments
Although declared commercial, mill is not producing anything close to specs.
140,000 oz of gold = 11.7K oz of gold per month, Sounds like actual production is closer to 4K per month or only 33%.
Copper production also well below 25million pounds per year.
Sounds like ore is improving but we'll see if production gets much better. Don't know if they can last until Q2 mill improvements. Certainly can't promise loan repayments until they get a lot more production from mill.
Bobwins