GREY:NEVDQ - Post by User
Comment by
bogfiton Aug 09, 2021 2:07pm
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Post# 33672760
RE:RE:Gold and silver
RE:RE:Gold and silverNot pumping but trying to figure this out.
"Endeavor Silver "...held 459,659 oz silver and 1,891 oz gold of bullion inventory and 12,159 oz silver and 944 oz gold in concentrate inventory. Management withheld metal from sale during the price correction over last two weeks of June and plans to sell the withheld metal inventory in anticipation of a precious metal prices rebound in 2021."
Using $25 for Ag and $1800 for POG, estimate held inventory at about $17 million. If costs have already been accounted that amount should go right to bottom line, except for taxes. EXK 's 2020 gross profit was $27 million. Is it correct that they will have a 37% increase in yoy profit?
"The 2021 Second Quarter Financial Results will be released before market on Tuesday, August 10, 2021 and a telephone conference call will be held the same day at 10:00am PT "
b.