My estimates for the Dec qtr are as follows (all in US$):
Throughput rate ~ 600tpd
Throughput ~ 1.3mt
Grade ~ 1.37g/t
Recovery ~ 82%
Est production ~ 46,871 oz
Gold price (avge) ~ $1100/oz
Revenue at spot ~ $51.5m (hedge delivery starts next qtr)
Cash costs ~ $500/oz
Costs ~ -$23.4m
G&A ~ -$1.25m
Royalty ~ -$1.03m
EBITDA ~ $25.8m
Interest -$1.1m
Tax = $0 (6-year holiday)
NPAT ~ $24.7m
Shares (FD) ~ 303.9m
EPS ~ 8c
EPS (A$) ~ 9.2c for Dec qtr
So projecting on a yearly basis EPS ~ A$36c
However, 2010 gold revenue will be impacted by delivery of 48.4koz into hedge at ~ $800/oz. So I estimate qtr EPS will be in the region of A$8.6c.
Calculations are in my opinion so are clearly subject to revision as actual figures/qtr become available.
CPDLC
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