is this new? june presentation for SSL.
sandstormresources.com
based on these june numbers and 1,200 per ounce gold, here's what i get annualized 12 months from now, not counting ming.
1. aurizona, expects to produce 60,000 oz per year. ssl gets 17 percent of that at 800 profit per ounce. 10,200 x 800 = $8,160,000 per year, with higher revenue later as production ramps up to 80,000 oz and possibly 100,000 oz. dore now being produced.
2. santa elena, expects to produce 35000 oz per year. ssl to pay 350 per ounce for 20 percent. dore in august.
ssl takes 7000 ounces at profit of 850 per ounce = $5,950,000 per year.
3. summit mine, sante fe gold expects to produce 11,000 oz per year. ssl takes 50 percent of first 10,000 ounces.
5000 ounces at 800 per oz profit = 4,000,000. after first 10,000 oz, ssl takes 22 percent of 11,000 oz per year, which means 2400 oz. i am using the first year plan here.
that adds up to us$18.1 million. divided by 239 million shares equals 7.6 cents per share.
if SSL continued to be priced at 68 cents, that means ssl would be selling for nine times earnings. .68 divided by .076 =8.9
i assume only 1200 per oz for spot gold. everthing gets cranked up really nicely if gold is 100 higher.
at 1300 per ounce gold,
1. aurizona is worth 9,180,000 per year
2. santa elena is worth 6,650,000 per year
3.summit is worth 4,500,000 per year
total goes to $20.3 million per year vs $18.1 mm for cheaper gold. per share goes up almost a penny.
none of this counts ming, which comes on line in 2011. ming plans on producing 18,000 ounces of gold per year and ssl takes 25 percent of that as pure profit, no extra cost.
and they have said they are looking for another deal. |
