RE:My revenue and cost estimatesI haven't reviewed your numbers in detail, but they look pretty good. If Q4 cash flow is nearly US$25M, and the balance of the year is even higher, then at minium, TV should be generating over US$100M (C$133M) annually before G&A and taxes. That's pretty good cash flow, and if they optimize further, the cash flows will be even higher. They will be able to repay all debts in less than one year.
This all assumes current prices and exchange rates, and let's keep in mind that the Zn shortage is only starting to materilize. Should prices go higher, it all goes direct to the bottom line as our costs are relatively fixed. That said, a C$500M current valuation for a company that's generating US$100M (C$133M) annually is undervalued, particularly now as Caribou is de-risked. It should be considerably higher. My estimate within the next quarter is that we'll see the SP in the $1.50-1.60 range, or higher if Zn goes higher.