Simple way to calculate is their stated cash cost for copper of about $0.80 (taking a mid point). Figure they make $1.80 a pound at $2.60 copper. This results in an EBITA of $162MM at 100% capacity figuring 90MM pounds of copper. Close to your number.
The interest payment plus low copper price is killing them. Water under the bridge, but financing MM the way they did was a huge mistake. Us buying into it was just as bad.
Insane value here.
It doesn't take a crystal ball phog. Recently the shares traded at $1.17. Copper still in the toilet.
If copper drops to the $2.30 area, then even with the hedges (which were awesome I admit) TC will likely fall another 10% to 15% below the 52 week low of $1.17, putting it right around $1.
I say I won't add until a buck but I would be really tempted to add at $1.15, $1.05, etc. It is hard to wait but patience seems to pay with TC.
We had a pretty good CC, not spectacular, but pretty good.
Stock went down.
Next drop is going to punch through $1.17 and get really near a buck.
On the bright side, it will make calculating my TC holdings very easy (23,000 x $1 =....actually let me get a calculator)
Or just buy some Claude with me and sell when it hits $0.60.
Gold is going bonkers. Nice to have a pure play in gold without worries about falling copper or rock bottom moly.
Must be nice to be able to print money.
Cure might have been too strong a word, but if the tumor reduces similar to the experimental studies of human tissue, cure seems very possible.
Very interesting. Any way to make money off the lies? Could you sue if you were a patient and were being told you were cured but really you were already dead?
So they are just straight up lying about the 2 patients on EC1456? Wouldn't that sort of get them in some kind of trouble?
Maybe the market never will notice and this cancer cure will get buried out in the desert. Conspiracy theory :-)
On the bright side, with this drop in stock price, maybe they can buy some more bonds below par.
Typical me. I buy a little of the good stuff and a lot of TC.
In the CC they say they are going to reach 60,000tpd with temp crushing, it will just cost more per ton to mill than the permanent crusher they will eventually install.
That is about what we thought. So a $1 drop in diesel is like getting $50 more per ounce of gold.