RE:RE:RE:RE:RE:RE:RE:RE:RE:$144M in revenue for quarter 3firecracker74 wrote: Mining will continue to be focused on the Pollyanna pit which will be the main source of ore in 2021. Ore release from the Gibraltar pit will commence in the second half of the year. Total copper production in the second half of 2021 is expected to be at least 40% higher than the first half of the year, as higher-grade areas in Pollyanna are opened up and available for processing. Due to the lower production at the start of 2021, annual production is now anticipated to be approximately 120 million pounds, which is within the typical +/- 5% range for annual guidance. ---------------------------- Do you have a comedy album that I could buy? TGB produced 49M pounds in half 1. The projection for half 2 is 71M. 34.5M were produced in quarter 3 so 36.5M are needed in quarter 4 to meet forecast. Now about the blowout. First quarter loss was $15M, second quarter profit was $13M. If third quarter profit is $40M will that qualify to be called a blowout quarter? If not, what profit would be needed before we can call it a blowout? How many quarters in the past has TGB reported a $40M profit? Could I be wrong on the $40M profit? Of course, I could, but the $144M revenue is a done deal and I have allowed for a $4M increase in production costs, a $5M increase in depreciation and a $5M loss on derivitives.
Revenue in Q2 was C$111M. If your number is correct and all other ratios are equal, we are looking at C$.07 eps. That's not really a blowout. I think the markets are expecting this even if analysts have not printed it. The price of copper was a little less in Q3 than Q2 but the C1 is a little less too, so that probably evens out.