GREY:MLKKF - Post by User
Comment by
ElJon May 18, 2009 7:51pm
412 Views
Post# 16000100
RE: annual revenue $112-$200M base case
RE: annual revenue $112-$200M base caseCbs123,
I respectfully raise a few questions relative to your outlined Revenue-range base case:
1. Did you take into account that Mercator Molybdenum concentrate sales are recognized at world wide oxide prices less the greater of $2.50 per pound of molybdenum or 11% of market value at the time of delivery to buyer ?
2. Why is Silver priced in your scenarios at $13 ?...... if I understood properly, when in fact the silver is already sold forward by agreement at $3.90 per pound plus the initial $42 million already exchanged.
3. Did you include that Mercator record revenues at "Copper Realized-price", which includes transportation and marketing ?
4. Why is the copper from the leaching process confined in the scenarios to $1 per pound ?.......I expect that under steady state process conditions that the leaching segment of operations will trend back towards 2007 and early 2008 quality(I do recognize the "hit" taken in Q4, 2008 in this area),
Peace,
Good Decision-Making
ElJ