The main frustration in the report is the fact they only had 10.4mil lbs of payable copper delivered to the smelter leaving a huge amount onsite or in transit after producing 12.7mil lbs - they only book a profit when its delivered to the smelter.
So there goes my profit estimate out the window - new revised & final estimate is now $5.5mil net profit.
But of course all those extra lbs will get delivered this quarter - I'm assuming it all had to do with the Zambian fuel crisis & the fact that their trucking contractor Rainbow is Zambian based - it's a pity the company is not providing an explanation for the huge difference.
It just increases the current quarter's profit estimate to $15mil if copper prices can remain at $1.70+/lb.
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