2nd Quarter Projection - Modifications for
POG and Mining Costs per Oz ....
Modifications:
(a) Take in Capital Lease payments of
1 month
(b) Adjust POG price to current Month-To-Date
Avg of $645
(c) Change Mining Costs per oz from $481 to
$405.
Canadian Dollars
Item QTR-2E QTR-2E QTR-2E
----------------------------------------------------
Gold Produ Oz 24,000 24,000 24,000
POG - USA $ 600 645 645
Conv Rate 1.1543 1.1543 1.1543
POG - Canadian $ 693 745 745
.
.
Canadian Dollars
.
.
Revenue 16,622,078 17,868,734 17,868,734
Other Rev 100,000 100,000 100,000
--------------------------------------------------------
Total Revenue 16,722,078 17,968,734 17,968,734
Mining Oper 11,544,000 11,544,000 9,720,000
Cost per OZ 481 481 405
MEMO:Rev-Costs 5,078,078 6,324,734 8,148,734
Royalty 99,732 107,212 107,212
% of Revenue 0.006 0.006 0.006
Depre Normal 772,940 772,940 772,940
Depre 4 Trucks 172,500 172,500 172,500
----------------------------------------------------------
Depre Total 945,440 945,440 945,440
----------------------------------------------------------
Total COGS 12,589,172 12,596,652 10,772,652
----------------------------------------------------------
----------------------------------------------------------
Gross Margin 4,132,906 5,372,082 7,196,082
----------------------------------------------------------
Admin Costs 750,000 750,000 750,000
Stk Comp 80,000 80,000 80,000
Exploration 200,000 200,000 200,000
----------------------------------------------------------
Tot Oper Exp 1,030,000 1,030,000 1,030,000
----------------------------------------------------------
.
.
----------------------------------------------------------
Earn from Oper 3,102,906 4,342,082 6,166,082
----------------------------------------------------------
.
.
Inte On Notes 265,000 265,000 265,000
Inte 4 Trucks 19,200 19,200 19,200
----------------------------------------------------------
Total Inter 284,200 284,200 284,200
.
.
----------------------------------------------------------
EBT/Other/1Time 2,818,706 4,057,882 5,881,882
----------------------------------------------------------
.
.
AmotFinFee 0 0 0
Accre on 0 0 0
Interest 0 0 0
----------------------------------------------------------
Total 1 Ti 0 0 0
----------------------------------------------------------.
.
----------------------------------------------------------
EBT-and-Other 2,818,706 4,057,882 5,881,882
----------------------------------------------------------
.
.
Unreal Loss -150,000 -150,000 -150,000
For Gain/(Loss) -50,000 -50,000 -50,000
----------------------------------------------------------
Sub Tot -200,000 -200,000 -200,000
----------------------------------------------------------
.
.
----------------------------------------------------------
EAT 2,618,706 3,857,882 5,681,882
============================================================
.
.
----------------------------------------------------------
Shares 137,000,000 137,000,000 137,000,000
===========================================================
EPS 0.02 0.03 0.04
===========================================================
.
.
Cash Flow from Operations QTR-2E QTR-2E QTR-2E
Earnings After Taxes 2,618,706 3,857,882 5,681,882
.
.
Depreciation Normal 772,940 772,940 772,940
.
.
Depreciation 4 Trucks 172,500 172,500 172,500
.
.
Unrealized Loss 150,000 150,000 150,000
.
.
Stk Comp 80,000 80,000 80,000
.
.
Royalty 99,732 107,212 107,212
.
.
Interest on Trucks 19,200 19,200 19,200
.
.
----------------------------------------------------------
Sub Total 3,913,078 5,159,734 6,983,734
----------------------------------------------------------
Less:Cap Lease Payments 191,700 191,700 191,700
----------------------------------------------------------
Total Cash Flow 3,721,378 4,968,034 6,792,034
===========================================================
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