Re: TGB (Inventory)
Looks like much of their profit was locked up in inventory as of year end (Sep 30). Should make for a nice Q1.
- An inventory of 18,258 WMT of copper concentrate, or 10.4 million pounds of copper, remained at year end, of which 14,500 WMT of inventory, or 8.3 million pounds of copper, was in a storage facility at the dock as there were no ships available at that time to transport it to smelters in Asia.
- Molybdenum in concentrate inventory at year end was 9,000 pounds