Clipper2
The (estimated revenue) of 46,731,693 is based on a V2O5 price of $7.
I believe the average will come in closer to $8. We have yet to see any premiums, so we could see V higher than $8.
$8 average V price will increase the revenue to $53,387,078.
[/quote wrote: Clipper,
So let’s assume Q2-21 revenue = $53,387,078
Your calculation of the average costs for Q2-21 doesn’t change: :
24,122,000 (Q3-20) + 36,231,000 (Q4-20) + 35,354,000 (Q1-21) = 95,707,000 / 3 = 31,902,333.
Your way of calculating the average costs to be US$31,902,333 for Q2-21 would result in a humongous Q2-21 Net Income of US$21,484,745 out of a total revenue of US$53,387,078. An indication that your method of calculating the average costs is far from being correct.