RE:RE:!!!!!!!!!!!,,,,,,,,,Pre-ROLLBACK Jitters Today..........????Let us look at the "facts." Last October, TM reported good numbers all around on their way to declaring commercial production. After that, crickets. Later TM reported very bad numbers due to something or other and, of course, that has been fixed. Not to worry as blue skys are just ahead. Then we have the February Presentation. Production of 4.4 million pounds of Cu for 2024 at a cash cost of $2.95. For fiscal 2025, 22.1 million pounds of Cu at a cash cost of $2.24
Now we have the March Presentation where fiscal 2024 produces 586,689 pounds of Cu. Almost a drop of 4 millions pounds of Cu.
For fiscal 2025, they now present 12,504,785 pounds of Cu at a cash cost of $3.15. This is a drop of 10 million pounds of Cu.
One last point. In this past webinar, Jed said TM will not attain positive cash flow until the end of the year. There is no hope of any rise in the SP until we have actual production numbers. It is obvious to me that the projections of what TM say they are going to do must be taken with a very large box of salt. That being said, my hope is that they will delay the share roll back until they have a couple of reporting periods where thay are actually milling 1000 tonnes per day and that 500 tonnes per day are coming from the UG as stated by Jed effective April 1.