re: closer to 70 cents? I think high base metal prices are in part a reaction of high energy costs - I'll be surprised if they all don't retreat by around 25% next year.
But AVM is better off with today's regime of high cu/ag prices & the high diesel costs - it ain't going to get much better in terms of gross margin per lb - to earn more next year they have to ramp up production which they're doing.
And I'm expecting a net profit of $US13.5mil in the current quarter due to higher prices, higher production, higher grades & no damn legal costs.
kilwa, page-21
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