Profit before tax - $67,957,223 Tax @ 30% - ($20,387,167) - (*Note 5) Profit after tax - $47,570,056
Shares Number - 486,999,000
Market cap based on PE 10 - $475,700,564 SP - $0.98 - (*Note 6)
Market cap based on PE 12 - $570,840,676 SP - $1.17 - (*Note 6)
*Note 1: Cu - represents ~61% of broker estimate of FY 13 - 30,000 tonnes. Bankers Feasibility Study- Cu projection FY 14 - 36,400 tonnes | FY 15 - 50,000^^ tonnes. ^^requires $30M additional CAPEX. Ag - represents ~75% of Bankers Feasibility Study estimate of 1,000,000 ounces.
*Note 2: C1 cash cost $2.00 per lb assumes a “smoothed” cost. C1 - Includes costs of mining, milling & concentrating, on-site administration & general expenses, property taxes, metal concentrate treatment charges, & freight & marketing costs less the net value of by-product credits. Excludes indirect costs such as corporate overheads & royalties.
*Note 3: C1 costs Ag may be additional.
*Note 4: Estimate based on 2 x 1 H 13 costs but "#" denotes my adjustments ie an additioal Loan of $25M plus reduction in salaries and wages assumed included in C1 cash costs.
*Note 5: Tax loss offsets may be available.
*Note 6: Adjustment may be made if C1 costs Ag additional.
Don’t take any notice of anything I might have said. By all means correct or disagree. Estimates and projections above might be RIGHT but are bound to be WRONG. Do your own research.
BUT for anyone freaking out about C1 costs – yes…could easily be higher ATM but this is to be expected during ramp up – cost to smooth.
Keep your eyes on the big DML business people!
I hold shares in DML.
DML Price at posting:
63.5¢ Sentiment: None Disclosure: Held