CGX 0.00% $2.72 cga mining limited

My estimates for the Dec qtr are as follows (all in...

  1. 1,035 Posts.
    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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