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PROVISIONALLY PRICED SALES: | 3 Months Ended
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Mar. 31, 2014
PROVISIONALLY PRICED SALES: |
PROVISIONALLY PRICED SALES: | NOTE 5 — PROVISIONALLY PRICED SALES: At March 31, 2014, the Company has recorded provisionally priced sales of copper at average forward prices per pound, and molybdenum at the March 31, 2014 market price per pound. These sales are subject to final pricing based on the average monthly London Metal Exchange (“LME”), or New York Commodities Exchange (“COMEX”), copper prices and Dealer Oxide molybdenum prices in the future month of settlement. Following are the provisionally priced copper and molybdenum sales outstanding at March 31, 2014:
Copper (million lbs.) |  | Priced at |  | Month of Settlement |
73.1 |  | $ | 3.03 |  | April and May 2014 |
Molybdenum (million lbs.) |  | Priced at |  | Month of Settlement |
8.0 |  | $ | 10.80 |  | April to June 2014 |
Management believes that the final pricing of these sales will not have a material effect on the Company’s financial position or results of operations.

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- Definition Discloses the amount of sales which are recorded at an average forward price, provisionally, pending the final prices in the future month of settlement. + References No definition available. + Details
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