Conference call takeaways. 1. Financing and building Florence slowed a litte? Hmm. Maybe hoping interest rates fall a little between now and January?
2. Announce 11 million pounds of production in October. That is unusual for them to announce production in the first month of the present quarter. They also said 5 million pounds extra will be added in q4 because of the strike last summer. So at 16 million pounds for q4 so far. q4 should end up at 35 million pounds or so, and with molly offsetting .23 cents a pound (add it to price we are getting, or lower c1, whichever), that makes the virtual net price for q4 copper at close to $4.
3. Pit change will impact production next year. Seems like they just did this?
4. The comment about the 30% tax credit (refundable credit) on SXEW costs coming back in 2025 could be significant. I am not sure how much of the CAPEX is the SXEW equipment, anyone know?
Sure would like to see the Florence financing announced.