RE:Looking at the reportfirecracker74 wrote: TGB sold 2M pounds less copper than they produced in quarter 3 and they sold about $1M less molybdenum than they produced. Otherwise, revenue would have been about $9M higher than reported. They spent $15M on CAPEX at Florence and paid about $18M in interest during the quarter. Despite this they still managed to increase their cash by about $14M. In reality, TGB actually made $43M for the quarter or .15 per share. They reported taxes as $22M, but they actually only paid $1M in taxes(see note 7). Since there will be no interest payment in quarter 4 I expect cash generation of about $50M in quarter 4 minus whatever they spend on Florence. IMHO they will end the year with about $270M CAD in cash if they spend $20M on Florence.
And whatever they are spending now on Florence comes off the Capex for Florence. That number should be down to around $200 million by now.