Spot $3.62/pound=$3.70 selling price=big earningsEarnings in Q2 should be over 80 cents/share with Q3 at these prices set to top $1/share and all without the addition of 100% owned zero cost Duck Pond that in 2007 should add near $1.50/share to earnings alone.
Everyone is fighting over Falconbridge, but I can't think of a better consulation price for the loser in that battle than grabbing AUR and its $6/share NET CASH in the bank, its 12 billion pounds of reserves, its growing production, and its earnings that will make any offer under $36 immediately accretive to Teck or Xstrata.