RE:As predicted by others, AISC $1.30+ following price of zinc.Wow, I've never seen the shorters out in such force and reaking of desparation. Trevali is a small company, so you have to know these are the absolute bottom feeders in the food chain.
The only numbers that really mean anything to me are:
Net debt Increased by 16,372 million (Defined as Debt + Leases - Cash & Cash Equivalents).
Receivables Increased by 41,267 million !
This means Trevali could have paid down its debt by 24,895 million if the Q2 receivables were at the same level as the Q1 receivables.
I'm comfortable holding and seeing what Q3 brings. The only thing I would like to see is Trevali hedging some more production at 1.35 $/lb zinc.