Post by
Cognition777 on Feb 09, 2023 9:32pm
Moly helps a bit more in Q1
Q3-2022 - "Molybdenum production was 324 thousand pounds in the third quarter due to lower grades. At an average molybdenum price of US$16.10 per pound, molybdenum generated a by-product credit per pound of copper produced of US$0.15 in the third quarter."
Q4-2022 - Moly production and pricing will be near the same as Q3.
Q1-2023 - half way through this current quarter, Moly price has averaged about twice the price of Q3 average, and is currently 2.5x the Q3 price. ($40.90/lb). If it stays where it is, and if we produce 324lbs of Moly in Q1 (more is anticipated), it should provide a by-product credit of about $0.35 in Q1.
Comment by
JCSunsfan on Feb 10, 2023 12:40am
Again. Every ten cents is about $2.8 million to the bottom line per quarter. 3.5 cents per share earnings.
Comment by
pokinfun on Feb 10, 2023 1:04pm
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Comment by
JCSunsfan on Feb 11, 2023 2:06pm
And this knowledge of the future is based on what?
Comment by
pokinfun on Feb 15, 2023 10:28am
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Comment by
nofluff on Feb 10, 2023 2:47pm
Yup. Moly is looking good 4 the long term. I believe the accounting takes the credit and subtracts from c1. Something has tko a bit stoked this aft. Not false reporting of insider buying. We got through that one with some investigation. Ya got 2 b on yor toes to get 2 the truth in this biz. Happy guessing:)) nf