Not many surprises here - they delivered 7mil lbs of copper as expected & my model suggests that would produce a breakeven result but I would suspect there would be price upgrades from the March qtr that might produce a profit of up to $US500k for the June qtr.
The good news is that they'll be totally using ore from the pit in the Sep qtr & not blending it with tails,floats or other lower-grade stocks - I currently estimate that this should produce 13mil lbs of copper for the qtr and my model suggests a profit of $US6.75mil.
It's strange there was no mention of the Chemaf legal action.
Little or no news on drilling results just promises for subsequent quarters.
The change in the quarterly profit outlook from here onwards should eventually be reflected in the shareprice.
quarterly results
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Mkt cap ! $1.277M | |||
| Open | High | Low | Value | Volume |
| 2.8¢ | 3.1¢ | 2.8¢ | $33.60K | 1.116M |
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| No. | Vol. | Price($) |
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| 1 | 7892 | 2.8¢ |
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| Price($) | Vol. | No. |
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| 3.1¢ | 42083 | 2 |
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| Last trade - 15.40pm 20/05/2024 (20 minute delay) ? |
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| Open | High | Low | Volume | ||
| 2.9¢ | 3.1¢ | 2.9¢ | 119230 | ||
| Last updated 14.53pm 20/05/2024 ? | |||||
| AVM (ASX) Chart |