RE:RE:RE:RE:Just my thoughtsI think you're all overthinking this. The PEA's on the smaller properties in NB are really red herrings at this point, although it would be nice to see additional upside from them at some point. TV has 4 substantial operating mines now, with huge potential to grow well beyond the 400 million lbs of zinc annually. You'll see this when they announce 2018 guidance.
As far as the affect of the stronger USD, everyone should note that 1) despite the stronger USD, zinc has held its own and is still currently still over $1.50; and 2) just as important, the stronger USD means that costs incurred in CDN$ or in the local African currencies (like wages, power, etc.), actually go DOWN when reported in USDs in TV's consolidated books.
EVerything is good for TV right now. The minor production miss they had in the one African mine was because of mine scheduling of a lower grade area, and that subsequently reverted back to the 9% grade zone after the quarter (which is huge grade by any zinc mine standard).
Also, as I stated before, the Q3 reported earnings numbers are partly irrelevant and not indicative of ongoing earnings and cashflows - as 2/3 of the Q3 cash flows and earnings from the African mines (along with the Q2 production from those mines) is a positive adjustment to working capital and will not hit EPS or CFPS as reported in the Q3 numbers.
Focus on the fact that TV has 4 great operations, each of which has room for improvement (which are being made as you read this), that TV is now the 8th biggest zinc producer worldwide, zinc prices are rising which is good for revenues (as well as price adjustments to prior quarter's unsettled sales), that zinc will continue in a deficit position for 2018 & 2019, and the stronger USD actaully lowers USD reported costs.
These are all good - which is why all the analysts have TV as a top pick with targets of $2 or well over that. I really don't know why so many of you are whining?