Atico Mining Corp V.ATY

Q2 production out Atico, maybe over 6 times more profits

[Geodan2]

Atico production report Q2
https://aticomining.com/investors/news/index.php?content_id=204

Looking at copper chart we are looking at $4.30 avg price this Q vs 2.75 last year wowie zowie will they gush cash in Q2. $1.55 more, straight to profits. Close to $7 million more profits a guess for Q. Was $1 million last year, so could be $7.7 million this year. Or annualized 2 PE ratio.

The production is down a tad but Copper way way up.

[longagau2]

strangely, income depends on how many ships they get out. Although they produced 10k tons, they only shipped 7k and still have 7k in inventory. This could be boosted by unpaid bills from q1 of 22 million that wasn't counted in q1. It will be the 2 ship quarter that is the blowout one. Regardless, the income will be great at these levels. As well, the political stuff is a bit worrying. I trust

[fozzie88]

So let's do it on an accrual basis... 4 quarters x 10 (annual production = 40) ...multiply by gross margin per ton ...the shipping adjustment and G&A are usually small and constant...

[RHertig]

Well the mumbers put out yesterday were quite depressing. How does copper go up so much and they make less.

[tsoprano24]

Another company from same country pays most of annual taxes in second quarter. Not sure if Atico does same, haven't looked closely but I was disappointed with numbers myself.  T

[RHertig]

It's possible also they have not shiped all the concentrate yet.