RE: Q2 resultsYour calculation is completely wrong!
This year TCM will have a profit of significantly more than 1.50/share. Profits will rise from quarter to quarter.
Next year the total production costs will be more or less the same as this year thanks to higher grades (same costs - more moly). So take this year's revenue, multiply it by 1.45 and then deduct this year's total costs. That result will be a lot higher than your 2.18/share.
The forward selling is only a very small part of the total production. The influence of this forward selling will further decline with rising moly production.