TSXV:INCA.H - Post by User
Comment by
lscfaon Jun 15, 2022 1:45pm
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Post# 34758710
RE:RE:RE:RE:RE:WTF is wrong with this company?
RE:RE:RE:RE:RE:WTF is wrong with this company? Although Inca one, Dynacor and others claim to be tollers they are not because they take risk by buying the ore from small miners, milling it and selling the gold. The risk lies in guessitimating the grade of ore in the miners truck load. Dynacor has done a better job at guessing than Inca One because Dynacor makes money and Inca One does not.
RockLobster1 wrote: fair point, but I expect they get a % margin, so it can rise. Correct me if anyone knows how it works.
Also a bull market will most likely increase amount to be milled.
The revenues in their fin stmt.... I assume this is the milling tolling fees, and not the gross value of the gold produced? If not then yes that is misleading. I will have to do some math on the production vs revenue. But revenue was up 50% in first 9 months, so if that continues then operating cash flow will grow.
anyways I am no expert, just for discussion :)