RE:$0.04 net loss for Q3Kram-,
Agree with you completely, it is much worse than I expected. ALL 4 mines are in the losses, if one of the mine's sale was on schedule, that's the only one in positive.
I am so disappointed with this management, the current zinc price isn't too bad, at least above US$1.1. If Zinc is below 1 dollar, then TV will be belly up. Reducing mine cost should be management's priority. Like Caribou, they were talking about copper circus when it was comissioning, now they never mention about it anymore.
tiger
kramaswamy wrote: *damn* that is way worse than I was expecting. Even putting aside the African sales timing, the net loss would still have been $0.03.
I was hoping the breakeven price would have been lower, but it looks like after everything is considered, $1.15, is the danger zone. Q4 won't be much better if zinc doesn't improve.
Really not looking forward to tomorrow.