Take a minute here to thinkThe market cap is $170 mil.
At all in costs of $1 and strong forward zinc prices in 2022 hopefully around &1.60 with production of at least 250 mil lbs, earnings are over $130mil. After AA&D and other non-cash items, the CF before capital changes should equal the market cap. That makes p/e just over 1 and p/cf around 1. Sooner or later the market should realize that this is grossly under-valued, and that the RP2 investment of around $115 mil should involve very little equity at these prices. I would love to hear commentary on my observations about where TV should be going based on these numbers. Very interesting times now that tax loss selling is in the rear view mirror, and the weak hands have disappeared.