RE: Good results SP down I regard the Q4 results as mixed, rather than good, based on the following:
- Gross copper Price down in Q4($3.49) compared to Q3( $3.52) and Q2($3.74).... I had anticipated $3.59 in Q4 based on daily LME copper pricing.
- Copper production was up Q4(13.56M lbs) compared to Q3(12.70M) and Q2(11.57M) but below Q1, 2012(13.88M lbs).
- Moly production was down Q4(0.291M) compared to Q3(0.322 M).
- Ore milled Q4(14727 tonnes 000's) was strongest quarter in 2012, but less than Q4, 2011(15,449).
- Copper Recovery down slightly at Q4(27.0%) compared to Q3(27.3%) and Q1(27.5%).
- Copper grade was up in Q4 at 0.155%
I anticipate Amerigo Revenues for Q4, 2012 in the region of $46 million and including the Q4, 2012 Power Cost per kwh increase over Q3, 2012(but lower than Q2, or Q1 2012), I anticipate between $0.03 and $0.04 loss per fd share for Q4, 2012,
Peace,
Good Decision-making to All,
ElJ