RE:Copper averaged $4.40 for quarter 4firecracker74 wrote: That compares with $4.26 in quarter 3. Fourth quarter results should be about the same or slightly better than quarter 3. With no bond interest payment in quarter 4 I expect a big increase in cash at year end. TGB continues to build a war chest of cash to be used for the developement of Florence. The big news now will be production projections for next year. The company seemed upbeat about 2022 at their CC citing softer ore to be mined in 2022. It looks like 2022 could be a very strong cash flow year providing much of the cash needed for Florence. It is unlikely that any more financing will be needed to complete Florence. Tax selling is now over so that might provide a little bump next week. Even though TGB was up for the year some that bought at $2.50 might have been selling for tax purposes in the last few weeks.
Agree with your statement cracker but don't forget a significant amount of production for Q4 won't be sold until the upcoming Q1 due to floods in the area. Whilw we know the only real important number is the actual production amount, who knows how the market will react to what could be significantly lower sales for the Q.