tkoI agree. Tko will still do fine with copper prices staying up. I will b around 4 a long time. I will not cut my nose off 2 spite my face. But Every time I c an opp to swing some 2 a better spot, I will.
I tried to put a positive spin on the pp many different ways only 2 wind up with egg on my face every time.
I even went so far as 2 praise russ for being so humble not putting his face in either video. Well I still praise him. But just 4 being smart.
Just because the 37 million will cost us sh 30 million 2021 from gib alone and 7 million q4, 2020 does not mean sp will not advance.
Just that those that never bought there position on the cheap get 15% less earnings per share.
The big q now is, will a jv percent sale b firesale?? And how much will really b left 4 sh when smoke settles??
When florence is producing, the 30 million per annum eps loss currently applied to gib should be transfered to florence. To try to put a positive on that.
The 37 million will reduce the need to sell that much jv or stream. Lets say it saves us 5% production. 5% of 85 million pounds is 4.25 million pounds times 4 cads equals 17 million per year.
That math helps. Lets see how much egg I have 2 scrape off this time. It will b jv or stream price that will decide.
Ncu is the one 2 watch in the morning. After there finance anouncement, It should jump.
nf