Prepare for a Strong Q2While production will be down 18%, Cu prices currently 15% higher, and the ore in Phase 2 has lower mining costs than Phase 3, so the two positive factors should approx. offset factor 1.
Q1 was absurdly good, Q2 will be good.
Also another strong quarter of copper prices will pad the cash and make Eva that much safer, likely more copper puts purchased (floor of $4 / lb cheap right now) which will give the doomsday crowd in Toronto that much more confidence .... there are still some analyst nimrods talking about balance sheet risk for CMMC
Oh, plus the extra 3 months means production will be increasing about the time Q2 earnings are released, likely with a decision to proceed on Eva, and earnings estimates for Q2 to Q4 that are about half of Q1....
I don't think holders need to worry too much about a Q2 report.