GREY:SOHFD - Post by User
Comment by
shakeypremison Feb 13, 2019 3:26am
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Post# 29356654
RE:RE:RE:TSN Corporate Update today
RE:RE:RE:TSN Corporate Update todayI don't recall management saying it either, but a Caesar's report article mentioned it. It is impressive what they've achieved no doubt but CM is going to need that Albion technology or higher commodity prices to turn much of a profit (after AISC is taken in to account). They are paying heavy penalties on concentrates due to their low zinc/lead content. I wonder if the mining cost of US $55/t is inclusive of penalties on concentrate sales or whether the sales figures are net of concentrate penalties. One of them must be. There is a lot of potential here. Hopefully the small cashflow from CM (although it could be negative after taking in to account AISC) plus the cashflow from Tah will be enough to pay the bills, keep up development and stop large dilution of shareholders.