new copper price records, page-10

re: new copper price records.. So an estimated US$10m Net profit last qtr, but what about the current qtr???

Copper price currently $2.14 so my guesstimation is that an average price of around $2.00 is a safe bet (with upside to say $2.20).

Smelter royalty paid out - so another $1.5m profit this qtr.

Full qtr production on Kulu (vs just over 1 month last qtr).

I reckon we've got to be looking at around US$15m+ for the current qtr net profit.

Market cap is around US$135m which will put AVM on a current qtr p/e ratio of 2.5..... :-)

[feel free to correct me on this guys]

Can anyone find another copper producer that offes this sort of value? We should expect to see a nice re-rating once the qtrs profit is announced. Some sort of comfirmation that the legal issue has gone away would be icing on the cake

Cheers
Zinc