profit taking or ???, page-6

Here are my estimates for 2012

Year .................... ....... 2012
Strip ratio .............
Open Pit material mined . t ...... 24,000,000
Ore throughput .......... t ...... 3,000,000
Average copper grade .... % ...... 1.54%
Ave Silver head grade ... g/t .... 22
Copper recovery ......... % ...... 82.9%
Silver recovery ......... % ...... 59%
Copper recovered ........ t ...... 38,300
Silver recovered ........ oz ..... 1,252,090
Concentrate Grade ....... % Cu ... 44%
Copper price ............ US$/t .. 8,213
Silver Price ............ US$/oz . 20.29
Copper revenue .......... US$ .... 314,559,927
Silver revenue .......... US$ .... 25,399,898
Net Operating Costs ..... US$/lb . 1.04
Total OP costs .......... US$ .... 87,789,270
Calculated unit costs/t . US$/t .. 29
Operating Margin ........ US$ .... 226,770,657
Offsite G&A ............. US$ .... 1,900,000
Expex ................... US$ .... 8,000,000
Capex (sust) ............ US$ .... 3,000,000
EBITDA .................. US$ .... 213,870,657
Interest charges (@5%) .. US$ .... 2,782,383
EBTDA ................... US$ .... 211,088,274
DA ...................... US$ .... 21,108,827
EBT ..................... US$ .... 189,979,447
Tax rate ................ % ...... 0%
Tax charged ............. US$ .... 0
NPAT .................. US$ .... 189,979,447
Shares issued (FD) ...... ....... 358,864,688
EPS ..................... US$ .... 0.529
FOREX ................... GBP/$ ... 1.56
EPS ..................... UKp .... 33.94
est SP @ x10 PER ........ UKp .... 339
Forex A$/GBP ............ ....... 0.58
est SP in A$ cents ...... A$c .... 590.2