32.18 moly last quaterMoly prices are more like 34.125 now.....
It looks to me that they milled approx 27 thousand tons a day in the last quarter. Comparing it to the same quarter in 2007 their copper grade is up 28% and their moly grade is up 20% and they had no cathode copper in the first quarter of 2007 so if the plant worked the same their number would be right where they are.
I think that if the mill works at 46 tons a day they could potentially be at about 4.1 million tons of ore milled in a quarter. Lets say they only get 80% the next quarter, so that is about 3.3 million tons.
If the grade remains the same in the next quarter they would produce about 21 million pounds of cooper this next quarter and about 420 thousand pounds of moly. They seemed to have missed the increased moly production in their forecast.
An additional 130 thousand pounds of moly equates to about 130,000 X 32.18 = 4183400 this seems like more than a rounding error. I think the moly production for the year will be more like 1.6 million lbs.
Am I missing something here.