Conference call went real well.
In case anyone was wondering about the conference call this week; I was on it and it was a real positive one except for this pending royalty tax by the Mexican government. As you all know we earned .03 per but more impressive was that our cash flow per share was .09 per share. TMM will be able to do real well even if some form of this tax is enforced. Our all in cost are some of the lowest in the industry. We even put about 8 million dollars in the bank. The fourth quarter will be our best one yet.
I do sense alot of frustration on this board recently. I feel it as well but I do understand that management doesn`t determine the price of gold. I`m comfortable holding and waiting for the new mine plan. I don`t see any other miners improving their balance sheet like TMM has this past quarter. TMM is looking to expand while others are shelving projects and taking write downs.
Bruce mentioned on the call the mine plan will be out next week. I look forward to it. Best of success to us all.