last qtr financials might not be that "flat".......
- Dik. sales seem to be settled on prevailing price for month following qtr (ie sales for Oct-Dec '07 qtr which had average Cu price of US$3.25/lb were settled at US$2.72/lb which was mid-Jan spot price) so sales for Mar '08 qtr hopefully get settled on similar trailing basis as av. April spot price has been US$3.25/lb (maybe miningnut can confirm) ?
- Kulu stockpile rundown means ~ 1300t more Cu in concentrate sold than produced in Mar '08 qtr (every little bit helps)
anyway, my guess is US$28m earnings for last qtr which easily supports current shareprice; increasing to US$45m/qtr once Kinsevere furnaces are producing
like I said, just a guess.....
AVM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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