RE:RE:Any estimates out there for earnings for the 4th quarterNice! They already stated they expect around 20% more production and around a 10% reduction in cost this quarter over the last. They will also be getting a good chunk of change from the resettling of last quarters prices.
Quote
MVC’s financial performance is very sensitive to changes in copper prices. MVC’s Q3-2020 provisional copper price was $3.04/lb, and final prices will be the average London Metal Exchange (“LME”) prices for each of October, November and December 2020. A 10% increase or decrease in copper prices from the $3.04/lb provisional price used at September 30, 2020 would result in a $4.5 million change in the expected revenue in Q4-2020 in respect of Q3-2020 production.
Quote