---------------------------------------------1998----------1999E
-----------------third quarter--------fourth quarter---first quarter
tonnage through put-----60,298----------82,594----------52,243
carats recovered-------207,551---------342,503---------173,631
grade(cpht)----------------344-------------415-------------252
Co. share of production-93,652---------137,001----------69,452
Revenue------------$20,652,000-----$23,588,000-----$12,223,552
net income---------$11,857,000---------$86,000------$4,300,000
Georges revision--------------------$7,000,000
My main point is that there is something more about the numbers that
does not compute for me.
carats recovered-------207,551---------342,503
Revenue------------$20,652,000-----$23,588,000
I actually thought the price of diamonds was going up in the fourth
quarter but for 135,000 more carats they only got an additional $3
million. Hopefully there will be additional revenue from the 98 4Q
showing up on the 99 1Q or that the relationship will be skewed in
the opposite direction.
That should create a positive earnings surprise and would tend to
smooth out what might have otherwise been a very disappointing 99 1Q. |
