RE:I added more...Geeguy1, as Firecracker pointed out, Q1 will be a mixed bag. They might eke out a profit, but management is very good at coming up with unexpected losses. I have been slowly adding, but I am honestly not expecting much from Q1.
Q2 should be great, but a rising price of zinc could dampen Q2 earnings due to hedging losses. We are still not sure if the Caribou hedges will be marked to market at the end of each quarter. I will leave it to Firecracker to work the numbers, but 1.75 years of Caribou hedging could show a very large loss if the price of zinc continues up.