I know, this quarter we made 4mil.. based on simple...

I know, this quarter we made 4mil.. based on simple calculations. I agree 100%, any profit being made from the operations is going to debt and corporate costs. But even at this rate we are making 16mil per year from Kipoi. This quarter if copper stays at $2.9 we double that to 32mil per year..

Simple calculation:

4,000t per quarter is (16,000tpa x 2,200 x ($2.9lb - $2.00lb) = 31.6mil

I was talking to my brother this morning about the quarterly, he was telling me how scary it would have been if they didnt stuff up production and we were infact doing 32,500 on $2.9lb