Bill Turner continues the organic growth, new infrastructure,...

Bill Turner continues the organic growth, new infrastructure, increased efficiencies and rewarding exploration.

If only he could manage world copper price!

Gut feeling indicates the present quarter profits should be positive - increasing.
As indicated by Flats or Stone Pony - while Kinsevere mine has commenced operating much of the cost and effort so far has been directed at removing overburden.
And the HMS plant has only recently been commissioned.

A strong increase in production and subsequent profit will be manifest when the third quarter report is released.
Given a reasonably stable price of copper that is when share price may well be closer to $25.00
Not so far away now.

The second quarter report - assuming the gut feeling is ratified - should see a reasonable profit surge (no wet season drawback, etc ) which could well enable the share price to move past $20.00.
Nothing radical likely!
Look to see share price consolidation and strength in approximately three weeks time as quarterly report is anticipated.

2008 sees the completion of a SXEW? plant (construction already commenced) which increases efficiency - and profits.
08 Also sees strongly increasing production from Kinsevere. No doubt also increase in proven reserves and other corporate plays.
Meaning a share price moving towards $30.00?
Perhaps!

China has, it appears, accumulated a large stockpile of copper.
Perhaps the reason for world warehouse stocks diminishing so much recently.
Chinese are smart operators.
It may be that they will be in a position to finesse so that copper price is controlled and recent high prices (spike?) will be a thing of the past.

A lower copper price - not a crash?
It is in every one's interest to have a moderate, relatively stable world copper price.
Not too high - Not too low.

Naturally increasing production of copper and more efficiency in use of copper will see production start to exceed demand.
Which means a lowering of price.

Bill Turner by managing increasing production - with efficiencies and upgrading processing the ore bringing cost per pound down - is in a race - to have the capacity to weather a downturn in copper price.

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This is the storm proofing of the company.
A possibility of stable profit even with a price downturn.
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As development pace and costs decline with present increasing production and new infrastructure shareholders will be keen to have the company commence dividend payments.


As always will rely on those much more clever than I to anticipate a likely time for a maiden dividend.

Any suggestions?