RE:RE:not surprizedI wonder if there is any talk about the coppper collars for the 1rst 6 months of 2023. I think we r capped at around 4.50 for 2023. I am guessing we will net about 30 million this year after premiums.
If copper runs at 7.50 for the 1rst 6 months and we produce 60 million pounds, tko will do well, but lose 240 million cad in 6 months. Take the 30 million 2022 profit off and it is only 200 million loss.
I could have used the analysts calls of 10.00 copper but took the middle road.
Ya all know how I love insurance:))
nf