OTCPK:IVWFF - Post by User
Comment by
ElJon Nov 09, 2010 5:05pm
372 Views
Post# 17683096
RE: Strong Q3/ Stronger Quarters ahead
RE: Strong Q3/ Stronger Quarters aheadI wouldn't say exactly "outstanding quarter" due to the !4600 tonnes of contained Lead produced or the 259000 tonnes of ore milled...... my calculation of the eanings per basic share was
.0154 (based on 189.243 million shares currently outstanding), which is certainly a significant step forward and they have a reasonable shot at exiting Q4 at a
.04 rate of earnings per basic share, under current Lead pricing.
However the overhang of dilution is very significant when we consider more than 530 million shares fully diluted.
This company deserves great credit for their responsible corporate citizenship under the very trying conditions encountered over the past 4 years,
Peace,
Good Decision-making to All,
ElJ