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37,911 Posts.
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10/01/13
06:53
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Fluxmaker
you seem to just be cutting & pasting and not comprehending what you are reading
the cash costs including gold & silver credits
in other words, the cost of mining is the cost of mining copper plus the gold & silver revenue
the bottom like is the free cash flow
best case $174M free cash = 25 cents per share before tax
currently AZS has 551m shares plus 39M in the money options
then there are future capital raisings for working capital so add 100m to 150m extra shares
then, if AZS cannot be fully debt funded for their CAPEX, more shares must be added in
capiche?
AZS, by production time, could have 800M shares on issue
$174M free cash / 800m shares = 22 cents EPS over mine life before tax
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