Replies to post #1137 on Value Microcaps Junior Miners

[cliffvb]

With the price of copper dropping last quarter, QUA will finally show a substantial noncash hedging gain instead of a loss. Through the first nine months, they had a $115 million derivative loss but they will show a profit for this quarter since copper prices have fallen. They also hedged some copper in October at $3.36 and that will show a profit as well. Production for the current quarter also hit new highs for the year as per a PR in January. Copper production was up 23% over the average for the first nine months and gold production was up 74% over the first nine month average. Also in the previous quarter they sold 11 million fewer pounds of copper than they produced, so I am looking for that to be added to the current quarter as well.