where to now!, page-2

You definitely need to look forward rather than backwards to properly value this stock.
I think the quarterly report due this month will change slightly in the information supplied - I expect it become more of a production report with little in the way of profit figures included.However during November we'll get full quarterly financial statements and commentary which will be more detailed than what we're used to in past quarterly reports.
My estimate for the quarterly figures are 7.5mil lbs of copper @ $1.23/lb and 275,000 ozs of silver @ $6.19/oz with cash costs of 53c/lb(net of silver credits of 20c/lb) to give a net profit of just over $2mil - all of the above are in US currency.
But quarterly profits under Stage11 will rise to $6mil based on BT's current production profile(which should be considered as conservative).
Surprised the shareprice hasn't pushed up this morning after that copper price rise on Friday night - maybe we'll get a delayed reaction this afternoon.