We are all waiting to see what cash generation is being achieved.
Given the expenses expected with Federation development this past QTR,I am more interested in whether we have had to top up development costs with any borrowing.
My gut says I shouldn't worry and expect a positive surprise.
It doesn't really matter as either it will be positive news
OR another buying opportunity considering as of APRIL Global raw metal prices are zooming while Metal processing costs are falling due to a physical shortage of ore concentrate and a need to keep such downstream plants operating even if it costs.especially in China.
The next QTR will be a killer. Zinc up 15% UNHEDGED Gold up??? Copper starting up 20% on the last QTR.
What do you need for Brass shell cases ---- ZINC and COPPER
So if you don't understand even with hedges if processing costs lower and in fact with Copper is a desperation play at the moment of "WE WILL PAY YOU TO PROCESS YOUR COPPER ORE PRICES BEING SEEN" as smelters can't be shut down without a catastrophic result ---------- SO you get more bucks in your back pocket while supply is constrained.
A great year ahead.
DYOR + DYODD
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