So I assume we will only receive payment for the July & Aug shipment up to Sept with the end of Sept shipment income likely to be received in Oct-Dec.
Yes something like that , it needs to be remembered shipments of unallocated concentrate will come in two payments, preliminary which is usually around the 80% mark and the balance which comes later and not necessarily in the same quarter so the quarters will be lumpy initially as the parties work out the allocations , when ships leave and the size of shipments . I prefer to look at it over a full years production with 113,000+/- going to each party to simplify things ..
Well I burnt a little more powder today and am holding a bit more in reserve, this will project will play out over years not months..never expected it to get this low but the company itself is in considerably better financial shape than it was when we were at 36c( or nearer 30c if you factored in dilution since), such is life when prices are volotile...if you think the MC will be worth more than $1.3b over the next few years buying is a no brainer but doesn't comes with a guarantee just a high likelihood IMO ..
Cheers Whisky
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