RE:RE:marketJCSunsfan wrote: nofluff wrote: is ho hum on report. Guidance is upbeat. But tko has had years of over promising and under delivering. So should be lots of op to accumulate at these levels.
In 3 months, a good q report with a permit and 5.00 copper, Tko could 1 or 2 bag.
That is good when one considers that you can also trade them.
nf
It's really about Gibralter. That is a mine given up on by others that they purchased for $1 (and got shut down compensation as well), and managed to produce cash flow from it. But it is a finicky piece of ground. It's inconsistent and costs more than the average mine to produce. It's admirable that they have been able to build a viable company out of that.
Florence, on the other hand will be a cash cow. $1.10 per pound production cost for mine life and produces 99% copper cathode on site without the need for a smelter. Not only is it cleaner and cheaper to mine, it is also cleaner and cheaper to process. Florence will more than double profits. Besides that, if there is a manufacturer out there that needs a consistent supply of copper cathode without worrying about market ups and downs, purchasing Florence might be an incredibly sensible choice.
$1 per share is about right for Gib. Add Florence and everything changes.
My frustration with this whole thing is how absolutely freaking slow it is to make any progress. I guess its the nature of mining, or maybe this company or both.