quarterly report ending december 31 2006, page-5

mvded,

to express it in simpler terms, have a look at ABN Amro's ressearch on LAF:
http://www.lafayettemining.com/documents/ABN%20AMRO%20Research-121206.pdf

ABN Amro estimate that EPS in the first full year (FY07) of operation will be 2.23cps. That's after financing costs for the hedgebook, all the lines of credit and all costs.

As long as the company is covering its interest costs and repaying principle (which it is by producing output to offset the hedge book) and turning a decent profit, what is the problem??
EPS of 2.23c is after all costs!


no responsibility taken for accuracy of data. seek professional advice. DYOR