OTCPK:KATFF - Post by User
Post by
Sogosohubidu201on Oct 25, 2019 12:49pm
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Post# 30270054
Q4 2019 may be profitable for KAT
Q4 2019 may be profitable for KATThe current Q (Q4 2019) may be profitable for KAT if the sale volume equals to the projected production volume.
The projected Q4 2019 production volumes are 5,119 tonnes of cobalt and 63,887 tonnes of copper. At the current MB cobalt price of $39,000 USD per tonne and copper price of $5,890 USD per tonne, the gross revenue will be:
Cobalt: 5,119 x $39,000 = $199.6 millions
Copper: 63,887 x $5,890 = $376.3 millions
Total: $575.9 millions USD gross revenue
This should make KAT in black for the current Q - Q4 2019.
Q3 2019 financial report may be out around November 14, 2019. The loss should be reduced significantly from Q2 and Q1 even with lower cobalt and copper prices during the Q3 period if cobalt sale volume is close to the production volume.