First pass of the financials looks like we were down $5m for the quarter but this is because $5.2m in receipts from sales of lead and copper were received late (early April just after the report cut off). If they were received a week earlier we would have profited for the quarter despite the weather/power issues.
We can look at this one of two ways:
1) we broke even this quarter; or
2) this current quarter has a $5m head start so if we track well and avoid force majeure events we’re in for a good time.
All in all, breaking even at startup in the face of significant issues is a solid result. Less issues and exploration success this quarter will provide for an exciting read in a few months.
