According to CCH this is what CORNER BAY should do in 2008 ( second half )
A ). Production as of June 30 - 2008 at Corner Bay : ( From MD & A from SEDAR )
1. Corner Bay
Cu : 600,314 lbs
Gold : 116 Oz
Silver : 1,670 Oz
( Non-Commercial production so far in Q1 , Q2 , just developmental work was done in Q1 , Q2 )
B ) Estimated - Forecasted Production made by CCH for the Entire year 2008 for Corner Bay :
1. Corner Bay
Cu : 6,083,292 lbs
Gold : 966 Oz
( Commercial Production starting in Q4-2008 at Corner Bay )
B) - A) = C) ..... from above gives us the approximate production we can expect in the remaining 6 months of 2008 i.e in Q3-2008 & Q4-2008 from Corner Bay.
C) So in Q3-2008 & Q4 -2008 we can expect the following production from CBay by CCH's own estimates :
1. Corner Bay
Cu : 5,482,978 lbs
Gold : 850 Oz
So are we looking at close to 5.5 million pounds of Cu production in Q3 & Q4 if the commercial production of CB goes according to plan ?
The production cost at CB is very low due to the high grades & tonnage ( only $1.09/lb ) so even if CU is only at $3.25/lb we are still looking at a profit of over $2.00/lb . Plus there is the additional revenue from Gold & Silver at this mine.
Looking forward to a great Q4 & a very happy ending to 2008.
