Q4 2019 Revenue Estimate - Please DYOD2019 nine months of production 51K ounces.
2019 full year guidance total 75K - 85K for Mercedes alone (South Arturo excluded)
2019 quarter 3 revenue 18.7 million
2019 quarter 4 revenue 35 million??
Apprx 25K ounces X $1400.00 = $35,000,000
From the Fundamental Research Corp. report.
"In the Q3 conference call, management indicated that they expect Q4-2019 production from Mercedes to be significantly higher, from stronger grades."
Am I way off on this? If I am correct, there should a hell of a short covering rally if the quarter is anywhere near this.
Please comment.