its this simple

Ok

50% of copper production for 6 months to
April 2014 is hedged at $A7,800/t. this is something the bankers wanted. But thats Not bad as current spot is around $7290. The other 50% gets sold at spot.

Cash costs have fallen a further 13% to A$2.33/lb
This compares to the current spot price of $3.29 .

So they are doing an average of $3.38lb

If they do 25,000 annual production as per forecast in 2014, notwithstanding all the exciting projects they claim are in the pipeline, this company going is earning $58m cash mine gate profit from tritton before a admin costs etc.

If you look at the quarterly trend in production then the 25,000 tonnes of copper in 2014, is non sense and likely to be 28,000 tonnes.

Put this into perspective

Tritton mine posted a massive mine gate loss of $66m two years ago and $6m loss last financial year. The fantastic costs cutting and mine site efficiencies of all types that this new management has brought to the table beggars belief.

The selling going must be the residue stock from the under 5% substantial notice level - bozos.

they may have connections with previous manaegement or possibly the portfolio guy who bought the stock fired and the new broom sweeps out the spec. I would think on my reckoning on their entry they tore up anything up to $20m.

What i am getting at is there must be a reason because only a half whit would be selling this with the explosive bottom line growth ahead of this company.

Flux