RE:Q2 Predection
Hi Value, A buyout or HK listing has to be an exit plan they are thinking of and I would like a buyout just like KTV. We will see, but this is certainly the environment for it.
WRT your estimates, I think they are high. You have to factor in smelter costs and other residual costs (see MD&A and Financials). I see the following:
Q2 - Profit $3.3M based on similar mining and milling numbers, but increasing POG sales average.
Q3 - Profit $4.5M, assuming mining and milling throughput is static and POG is around $1900 USD Average/Q
Q4 - who knows but I expect production to slowly ramp up.
B