TVI reported today that they have completed shipment #24 for gross revenues close to 15M$ and over 1,25K tons of copper concentrate remaining in inventory. Also worth noting is the total zinc already produced that should be shipped end of december. Actually this is money in the bank.
The value of the shipment is very high when you look at copper price today against 6 weeks ago.
If cost remained under control (even a bit lower) we could have some positive surprise when Q3 results are published.
I had estimated about 1M$ in loss but could be a little less.
Interestingly, even when copper price have dropped by more than 25% recently, the share price (even if actually very low and disconnected against share value) the share price did remain pretty stable.
It would not need a lot to move higher as resistance over 0,06 is really low.
The value of the shipment is very high when you look at copper price today against 6 weeks ago.
If cost remained under control (even a bit lower) we could have some positive surprise when Q3 results are published.
I had estimated about 1M$ in loss but could be a little less.
Interestingly, even when copper price have dropped by more than 25% recently, the share price (even if actually very low and disconnected against share value) the share price did remain pretty stable.
It would not need a lot to move higher as resistance over 0,06 is really low.
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