OTCPK:IVWFF - Post by User
Comment by
ElJon Mar 09, 2007 9:21am
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Post# 12387193
RE: Lead Outlook from Xtrata-today....Vocex1
RE: Lead Outlook from Xtrata-today....Vocex1Thanks for the update post....I am away for 6 weeks and looking-in very rarely....nice to read the SEDAR Q4,2006 data from Ivernia.....I did not include in my Q4 projections sufficient factor for the rather high Foreign Exchange loss in Q4,2006 $1.014 million compared to the full year 2006 Foreigh Exchange loss of $0.533million....will have to modify the model when I return to track Foreign Exchange accurately and also the royalties agreement linked to commodity price rather than proportional revenues. Cash costs per pound of lead sold is trending in the right direction at $0.38, but this parameter will be quite significantly better in Q3,2007 IMHO. I will post in more detail when I get back at the end of the month,
Peace,
Good Decision-making to All,
ElJ