GREY:MLKKF - Post by User
Comment by
ElJon Apr 23, 2009 8:14pm
418 Views
Post# 15940765
RE: Q1 and copper price
RE: Q1 and copper priceSchor wrote that "The big catalyst for ML will be the Q1 News", ....... but I respectfully disagree. I expect that Q1 copper production will be close to double the copper production in the highest quarter of 2009, but revenues will be very significantly impacted by a realized copper price in what I estimate to be in the $1.35 to $1.45 region(realized price is after Transportation and Marketing expenses)....... I base this price estimate on approx. $1.58 average spot price during Q1, 2009.
I will not be surprised at close to ($0.09) per basic share loss for the quarter....there was a Financing expense of $1.44 million in January for the 33.349 M equity issue(and the 16.675 M warrants) and I look to Q2, 2009 for significantly better results, when Molybdenum should make a much stronger contribution with the new column cell installed for enhanced moly recovery.
This company may be a type of day-traders' dream right now, especially for the ML.WT.A warrant holders with the warrants acting as "damage insurance Policy" in the shorting "game".
The price of copper and Moly are clearly major drivers for Mercator, but many of us will be also very focused on the cost that are recorded by Mercator for Q2, 2009,
Peace,
Good Decision-making to All,
ElJ