In terms of production throughput, it has been the best two months ever for Cobra Oro while the Company sees a significant improvement in cash flow as the company is in progress of receiving better grade ore from its partner Inception Mining.
At a net 3 grams gold per ton, monthly cash flow will exceed $300 000 at current gold prices and translate into a complete turn around for the company.
In summary, production throughput is near optimum and any major near term improvement in Cobra Oro’s operations will have to come from better grade ore.
Jean Labrecque, President
Glen Eagle Resources Inc
Complexe du Canal Lachine, Suite 308
4710 St-Antoine Street
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