RE:RE:RE:RE:Start Crunching Those Numberssunshine7 wrote: one more thing, expect the Q3 AISC to be lower than Q2. Again, their words, not mine.
Yes from what i was reading in the M,D and A , production should be higher in Q3 than Q2, and WE KNOW that input prices for metal sales are going to be higher , for the main metal , Palladium, and also for the 2 main by products , gold and platinum.
The palladium production in Q2 2019 was 7% lower than Q2 2018 due to a shutdown for part of 2019 quarter.
average revenue per oz of palladium sold last Q was 1429$ US
Q 3 2019 should see average revenue per oz substantially higher , closer to 1540 USD depending of course on shipments delivered etc....
Gold averaged about 1320 USD an OZ for Q ended June 30th , and this Q should average closer to 1450 so at least 10% higher revenue from GOLD.
Platinum averaged about 840 an OZ for Q 2 and this Q average should be closer to 900USD per OZ, so about 7% higher ....
If production even gets back to Q2 2018 levels we should see a substantially higher earnings per share in Q3 , if my guesstimate is right i am thinking we coould likely see .75 per share in earnings , or net earnings in the ballpark of 44 million $ CAD.
I did take some profits today, as i had some for sale at a price a buck higher than yesterday. I was thinking/hoping it would pullback , but that did not happen.
Still have a nice position, but not 40% of my portfolio anymore.