RE:RE:Q1 report observations Yes JC, if that is what it means, very positive. Maybe why they were so upbeat, convergence of positive, a copper perfect storm.
But I want the price to drop tomorrow.....;(
KW
JCSunsfan wrote:
- During the quarter, Gibraltar entered into an off-take contract for 45 thousand tonnes of copper concentrate shipments in the second half of this year which included deeply discounted TCRC's at some of the lowest levels the mine has ever seen since it was re-opened in 2004;
TCRC IS treatment and refinement cost. So this says they already know they have 45 thousand tones under refinement contract that is very low in cost. I assume that means high grade low c1 stuff coming up later this year. They must take samples and lock in refinement contracts ahead of time. Very positive, no?