We pretty much know that TMM will be reporting $48M in revenues in quarter 1 based on 28,642 ounces of gold and 16,000 ounces of silver sold. Allowing for a 10% increase in expenses we are looking at $27M in expenses. This would bring a pe-tax profit of $21M and an after tax profit of $14M or .10 per share. This compares to a profit of $4.8M or .03 per share in quarter 1 of last year. With gold at $1,470 revenues would drop to $42.5M and profits would drop to $15.5M pretax and $10.5M aftertax or .07 per share based on this same production in quarter 2. We should hear soon as to whether the company will pay off the Sprott loan.
Read more at http://www.stockhouse.com/bullboards/messagedetail.aspx?p=0&m=32518192&l=0&r=0&s=TMM&t=LIST#FMDMG5hCJyC5OQqF.99