GREY:MLKKF - Post by User
Comment by
ElJon Nov 18, 2010 10:38pm
419 Views
Post# 17727948
RE: RE: Mercator -Late Correction but the BB knew
RE: RE: Mercator -Late Correction but the BB knewI draw attention a post ID 2885317 on Nov. 15th where I suggested that Mercator BB poster colleagues "look carefully at what Longonzinc is saying" which included observations by Longonzinc on "non-reconciled metal sales and non-reconciled mining and processing costs" and some very balanced observations of recoveries, cost comparisons, etc...
Even much earlier on Oct. 28th, in response to the publication by Mercator of their Q3 Operating Results, I raised a flag to all in post ID 28765271 when I wrote
"I would be very interested in how any of the regular poster- colleagues rationalized the $59 million Revenues in Q3, 2010, given the production numbers and the commodity prices including hedges..... did shipments outstrip production by some significant amount?"
IMHO the market reaction today reflects a "value approach" based on
- improvement in recoveries
- improvement in concentrate content %(better for Smelting & refining costs)
- Molybdenum and Copper commodity price trends and future expectations
- Production expansion plans(throughput)
- etc., etc...
much more than a X(cashflow approach based on an accounting error),
Peace,
Giood Decision-making to All,
ElJ