Hi Quick calculations: TGS is producing a steady 25KT/annum at...

Hi

Quick calculations:

TGS is producing a steady 25KT/annum at all in sustained cost of $1.68/lb. If that's true and correct (includes financing etc.) then -

25KT = 55.1155Klb

[55.1155Klb @ $2.3346/lb(current CU price)] - [55.1155Klb @ $1.68/lb(All in cost)] = $36,078,606.30 Profit.

That is a P/E ratio of 2.

Also, cash on hand is $31M and the total Market cap only $72M.

Questions:

1. Why don't we see this kind of profit in annual results (why is depreciation not calculated into All in cost)?

2. How is it possible that this share isn't atleast 15c - 25c?

Cheers

Down under LoserInvester