C1+C2 (Aug and Sep) = $3.34 (precious metal credits...

C1+C2 (Aug and Sep) = $3.34 (precious metal credits unchanged???)
They are hedged at about $3.79 from memory. (Currently Cu is about $3.50 - so lucky)

So 45c per pound est profit.

3802 tonnes x 2240 = 8.5m x 0.45 = $3.8m profit for the quarter est. - Annualised $15m.

So with market cap at $91m, we are at about 6 times Kanmantoo earnings (excludes many costs obviously including Birds Head etc)

DYOR - but trend looking good to me. Hopefully they can increase the conc of Cu back to 26% or so and keep improving in other areas.