one to watch people, page-7

Hi Marut,
My model & assumptions for the Sept qtr are:
13 mil lbs of Cu delivered at a price of $1.50 & 560,000 ozs of Ag at a price of $7.00 from processing 108,000 tonnes of ore from the pit at 6.25% copper grade & 180g/t silver content with a recovery of 90%.
Cash cost(C1) of 44c & Total cost(C3) of 66c.AVM actually use slightly different cast cost cals that are not strictly comparable to the above.
My model says this will produce a quarterly profit of $US8mil.
Let's wait & see if I'm being too optimistic-copper price will have to remain at current levels for them to use/receive these prices.