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Thompson Creek Metals Company Inc. Message Board

  • bobbibedahlia bobbibedahlia Sep 18, 2013 11:31 AM Flag

    Is the chiese water torture over ?

    Maybe its a bottom Fcx seems to be immune to the dropping price of gold and copper..One bright not is that maybe the recent surge in steel demand bodes well for moly prices. The price movement lare;y is more depressing than watching asian NASCAR. Certainly in november the numbers will improve with the first ore from MM reflected.

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    • Bobbie:

      Sorry to say, Milligan will have not impact on Q3 income statement. The mine is still technically in the construction phase, and any the proceeds from concentrate they generate and sell from first feed to the date commercial production is declared goes as a credit to capex. So no impact on P&L. Probably the more important thing generated in Q3 will be feedback on the ongoing commissioning process. It will reveal how the rampup will look, once the scheduled Dec 2013 commercial production mark, is indeed declared, as the horse needs to come out of the gate strong.

      Sentiment: Strong Buy

    • Nope it will just get worse IF the children in GOP House of Representatives shut the Government down the 1st of October as they are threatening.

      Get ready for Recession Act II.