The capping at 11.5cents seems to be lifted now that...

The capping at 11.5cents seems to be lifted now that accumulation is finished.
The average weekly copper price in the last quarter was $3.16 per lb.
The average weekly copper price this quarter is $3.47 per lb.
This is a 10% increase but translates to a profit increase of more than 20% for SMO.
Production this quarter is up by > 20% and yield is up by 4% with the goal to increase yields by another 15%.
Do the maths and the profits for the present quarter will be up by >50% on the last quarter. This puts the company on a P/E of 3.5