Q2: $9/share net.
Intefor's financials are very simple and easy to model. Anyone can do it on the back of an envelope by looking at Q1's numbers.
The % change in average futures price for Q2 vs Q1 is an excellent proxy for how IFP's average selling price will change in Q2 vs Q1. Therefore, barring a dramatic decline in futures between now and end of June, Intefor should be making C$ 9 / share net income in Q2. Assuming C$ 1.21 per US$ and slight improvement in production in US South. C$ 9 / shr is a good estimate.
Intefor and its coterie of analysts all surely know this. Its amazing IFP hasn't had a takeover offer yet actually. Its like chunk of gold fell off the wagon an no one has noticed to pick it up yet.