Bruce I did this spread-sheet to look at what profits and EPS may be:
Silver Gold Plat Pall Rhodium Market Net Less Annual Profit
Mkt value/oz $5.00 $274 $354 $344 $820.00 Value to $500.00 at 50t/day
Refiner cost/oz $0.70 $ 6 $ 28 $ 20 $150.00 GPGI Operating after deducting
Net to GPGI/oz $4.30 $268 $326 $324 $670.00 Costs monthly OH
Per ton of $38,000
Assay results from March 5th shipment to Sabin
Ounces per ton of screened head ore
Sample #
1 0 3.39 2.18 0.86 2.1 $3,718 $3,305 $2,805 $36,006,920
3 0.5 2.16 1.97 0.85 1.53 $2,839 $2,522 $2,022 $25,824,800
4 0.69 3.07 1.22 0.63 2.57 $3,601 $3,147 $2,647 $33,948,500
5 0.62 3.2 2.23 2.69 2.67 $4,784 $4,245 $3,745 $48,229,520
Average $3,735 $3,304 $2,804 $36,002,435
NOTES:
- I excluded sample no. 2 (from Weaver Creek) since it was not pretreated
- I doubled refiner costs charged GPGI in July 1998 except for Rhodium which I increased by 50%
But: those costs were based on fuming resins loaded with PGMs and may be different
Also I have not included processing charges of approx. $1 per pound of net weight received
- The $500 operating costs per ton at 50 tons per week plus the monthly OH of $38,000 equals $35,000 per week
$500 per ton is probably too high as daily tonnage increases over 10t per day
Average annual profit at 120 tons per day based on above assumptions would be $86.4 million
EPS would be $2.84 ($86.4 million divided by 30 million shares) |
