2006 Revenue and Mining Costs
Canadian Dollars
Quarter QTR-1A QTR-2E QTR-3E QTR-4E Yr 2006
.
.
Oz Prod 18,943 24,000 27,000 30,057 100,000
.
.
POG - USA $ 510 600 625 650
Conv Rate 1.1543 1.1543 1.1543 1.1543
POG - CAN $ 589 693 721 750
.
.
Revenue 11,151,718 16,622,078 19,478,998 22,551,832 69,804,626
.
.
Mining Costs 9,112,805 11,544,000 12,987,000 14,457,417 48,101,222
.
.
Difference 2,038,913 5,078,078 6,491,998 8,094,415 21,703,404
.
.
Cash Flow / Shares Outstanding
.
21,703,404 / 137,000,000 = .158
.
.
Projected Stock Price
.158 * 10 = $1.58
.158 * 15 = $2.37
.158 * 20 = $3.16
.158 * 25 = $3.95
Note:
To:
the Usual Suspects
Mining Costs (above) EXCLUDE Depreciation and Royalty Expense
and reflect the same item reflected in our
1st Quarter ACTUAL P&L statement.
The 2nd Qtr P&L I projected follows this logic:
Revenue
minus:
Mining Costs
Depreciation
Royalty
= Cost of Goods Sold
Revenue - COGS = Gross Margin
In the presentation above I am simply
subtracting Revenue - Mining Costs = Cash Flow from Mining
Finally, please note that no matter how I
TWIST the numbers as follows:
.
Projected Stock Price
.158 * 10 = $1.58
.158 * 15 = $2.37
.158 * 20 = $3.16
.158 * 25 = $3.95
I cannot get to the $4.50 target stock price
for 2006.
regards - John |
