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Gold/Mining/Energy : SOUTHERNERA (t.SUF)

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To: GEORGES who wrote (2482)2/19/1999 10:10:00 AM
From: GEORGES  Read Replies (1) of 7235
 
Speaking of yesterday's PR, Idid some quick calculations.

Total production to date(jan.): carats 650 000
Less production of Sept. to Dec. 528 000
Production for Jan: 122 000
average $130per car. $15 660 000 US (Jan revenue)

Profit margin (75%) $11 800 000 US

Net to SUF (40%) $4 700 000 US
Converted to CND $6 600 000
Annualized (X12) $79 000 000 PRE TAX
PER SHARE $3.00 PRE TAX

Assumptions: 1) Production remains constant at 122 000 carats per mo.
compared to average of 132 000 per month for
first four months.(Sept. to Dec.)

2) Average price of $132 per carat

3) Profit margin of 75%


AM I OUT TO LUNCH HERE ...........
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