1st quarter projectionIf I do a back of the envelope caluculation, below is what I come up with on sales and gross profit.
Copper - 23 million @4.00 US @1.30 CDN = 119.00 million
Gold - 9,000 @1,800 US @ 1.30 CDN = 21.00 million
Silver - 145,000 @ 26.00US @ 1.30 CSN = 4.9 million
1at QT 2021 4th QT 2020
Total saes 1st quarter = 145.0 million 106 million
Gross profit of 50% before depreciation = 72.00 million 53 million
That is a 19 million increase in gross profit (% is an estimate based on 4th quarter nummbers) divided by 200 million shares = .10 extra for the quarter
Would you want to buy any other copper stock?
If so, please tell me, and don't tell me some small exploration company.