RE:RE:RE:Would this be considered way above average ?700,000 ounces @ $20 per ounce = $14 million cash flow
$14 million added to income 2nd quarter courtesy of Coeur
$14 mil cash flow @ $20 per ounce = not much profit
$14 mil cash from Coeur = almost pure profit
Conclusion = numbers for 2nd quarter should be better than some might be thinking
Also numbers for 3rd Quarter should be boosted by sale of the 700K held back ounces
Conclusion = It's all good
Not a fan of Hamilton myself..
But like the bounce off $12 last week.. bought a few more Wed.. Odd how sometimes technicals can syncronize with words from the Fed or other governments.. go figure!
If $12 support holds FR looking quite good imo.. even though it may seem foolish to assume anything I feel more and more confident we have seen the bottom for quality PM stocks..