RE: recent earningsThey use historical concentrate % to use as a settlement price. We had a higher % because of the quality of the old tailings. This difference will be credited to us in q4. That along with the 3 month average of copper pricing gives us that 2.92 settlement figure. There was also a 1 month lag in the average copper price, M-1, which brought it down because production had lagged because of the earthquake. We are caught up now.
The next quarter final pricing would then fall roughly between 3.50-3.70. I want to be around for that quarterly report.
Mostly I would then want to know what they are going to do with all that extra cash on hand that could swell up to 30 million.