After they corrected the $ to tons, it looks like 1Q (as of March 25th) will have comparable revenue to their 3Q as far as recycling metal goes. However in addition they have ~40 M metric tons of ore traded. So you can expect about 15M+ revenue from metal recycling with about 10% gross margin. And about ~8-12+ Million in revenue form ore trading with an unknown gross margin, but my guess is the gross margin will be between 5-15%
That is the scary part. A smaller profit from Q4 is less than a penny a share if I am not mistaken. Little love here for CNAM. Hate to be so pessimistic but don't blame me were just a snitch above $.35 and dropping. The company is valued at next to nothing.