For sure it posts operating profit…
…but that doesn’t cover sales, nor G&A. Then there’s the unrelenting sustaining capex (for drill programs at Caylloma that reveal nothing).
And then they tell me it has a market cap of U$1.24Bn.
PS: Seriously, this one feels like Hans Christian Andersen’s emperor story. FVI gets a market cap three times higher than this time last year on an extra $5m MOE because… because… unicorn? Magic numbers? Look, I know it’s a well-run miner and all that (though we can debate the sagacity of buying Lindero another day) but are you all really that desperate to own a silver name? These multiples for such a meagre return? Can somebody please explain, I’m running out of crazy pills.