RE: RE: RE: RE: Thanks Guys!!!!! Its actually pretty simple why the stock hasnt gone up, all metal companies are down. That simple explanation pretty much covers it. Can you really find other producers that are up in the last 3, 6 and 12 months.
I have owned many miners over the years in various stages of exploration and production, this company is starting up still anf though things havent gone perfectly they havent gone terribly. A bad operation would be CRK's Union Reefs Mill or ML's 50k tpd expansion. This is too early to be panicking. Once again all miners are down especially small and mid cap.
ROI, ROE, the financial strength ratios, margins, management effectiveness. In this particular case these numbers have less bearing because commercial production is only a few months old. Valutions matter at this point. Of course margins will be negative when you have an operation that had expenses and no revenues. However the last quarter was profitable and I think we can all agree that barring a steep drop in copper prices upcoming will be as well. Now if you take 4 profitable quarters then you get a very different EBIT margin and Profit margin.
In fact most of those numbers change, so why compare to companies that are already established. I respect your opinion but be wary of using non-representative number to exptrapolate the future.