Post by
copperminer on Nov 16, 2020 3:20am
Hunch
NF, getting a midnight hunch here. Thinking that we will see $3.75 copper this year. Not sure when, but it's coming. That should put $60,000,000. more on our bottom line just from Gibraltar alone. I remember Russ saying that every .30 cents on copper price puts $30,000,000. on our bottom line
Go Florence
Comment by
nofluff on Nov 16, 2020 6:03am
Those r my calcs as well. 3.00 copper was giving us 1.50 until so so q3. Then 1.30 untill placement. 60 million extra earnings times 15 is closevto a billion sp increase for about 4.50. Florence is the equiv. of 2 gibs for about 15 cads sp total. At 3.75 copper our insitiu value of ymi and np has to start getting recognized. 20.00 sp in january is not a big strertch. as
Comment by
BlueBee on Nov 16, 2020 7:29pm
Wonder at what price TKO will hedge future production.
Comment by
nofluff on Nov 16, 2020 7:58pm
I would guess 5.00 u.s. as