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Gold/Mining/Energy : Stillwater Mining , SWC (former PGMS)
SWC 18.000.0%May 12 5:00 PM EST

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To: Bob Howarth who wrote (1067)1/28/2000 8:40:00 AM
From: Bob Howarth  Read Replies (1) of 1336
 
Here is a cool statistic which I have calculated. Given 110,000 ounces of production at same cost and same tax rate, what is earnings impact for every 10 dollar move in PGM prices? It is 2 cents / share given 38.5 million shares outstanding, at a 28% tax rate.

SO: If current prices hold to end of quarter (about 465 per ounce) you get another 8 cents. Last quarter was 35 cents BUT 4 cents for entire year tax thing means 32 cents I guess on its own. SO 32 + 8 = 40 cents.

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