Lihua International Inc fka LIWA

[pskep70]

The margins are in the 10k and the conference call gives the tonnage numbers. Liwa is really an unfounded gem. They have a patented technology that allows recycled copper to have the purity of newly mined copper. The only thing is liwa can make wire much cheaper this way, and has a nice costs advantage from new copper. This is why all their production is pre sold. What's keeping them from growing is the 25 ton smelter. But the recent secondary solved that, by planning a 100 ton super smelter. With the new smelter liwa could produce revenues in excess of 750 million.

The copper rod is not the business they are in . It is what they make with excess smelter capacity, and by end of 2nd q they won't be making any more till new smelter