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$2.79 copper mountain mining corporation

"Gross profit for the year ended December 31, 2017 was $59.1...

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manoncyber

87 Posts.

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12/06/18

10:26

Post #: 33645439
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Originally posted by buddy134 ↑

Now what you've left out is the Net Profits for the year. You are telling us the Gross Profits, so why not telling us the actual Net Profits as well.??

After all the Net Profits is what makes the real World go around in business terms. Also, in Business terms, the Banks and lenders are more interested in the net profit figures (the bottom line figure), not what the Gross profits are............. So, you can start learning from that.

You are also referring to the figure of 3$ per pound ##""So, as I´m always willing to learn, would you explain to me, how with 3$ per pound just to reach break even they could reach the numbers in 2017 as posted in their full year report.""##, while you are telling us (And that is correct) that we have actually achieved a price range of USD $3.12 per pound for the quarter.......So, what is the point of it all....???????

What would the actual gross profit figure be if we were to only achieve a price of $3 instead of $3.12.??

Well we can start from this................... with a difference of just 12 cents per pound and with a total of copper equivalent pounds (Like you posted above) "" of 88.3 million pounds of copper equivalent, that will amount to not less than $10,596,000 in US DOLLARS not Canadian ones. At the current arte of exchange ($1.30 to $1.oo USD Dollar) that amounts to approx. $13,775,000........................Not Peanuts...

And there is more the likes of the following:

""Mine:
Total tonnes mined 2017 (000’s) 75,598
Ore tonnes mined 2017 (000’s) 26,204
Waste tonnes 2017 (000’s) 46,393

Yet, you wrote ""made up of 75.8 million pounds of copper"", yes copper, not copper equivalents either.

Now, how can we make 75.8 million pounds of copper from the above figure of 26,204 tonnes.?

Conversion as follows:

26204T= 57769935lb

And then, if we are to add up the above tonnages amounts retrieved from their Annual figures which I copied and pasted above, the amounts don't even add up................Go Figure....

Excuse my ignorance but where did the 3,001 tonnes shortage go to.????............Was it copper, was it waste.??? I don't know, you tell me.

Obviously someone needs a new calculator urgently, and one would be forgiven to think that what is printed out and circulated around into the market, be properly checked and that the figures would properly add up. And, if I got that one right, the Auditors and some of the Directors checked it all as well.

And there could be more too, but for now it will do....

Excuse me for being a little confused here and I may stand correcting if I am wrong but, at this present time, to me it appears that someone might be very selective in what they are posting.

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"Gross profit for the year ended December 31, 2017 was $59.1 million as compared
to $19.7 million for the year ended December 31, 2016. The Company reported net income attributable to the shareholders of the Company of $48.0 million or $0.36 per share for the year ended December 31, 2017, compared to a net income of $7.7 million or $0.06 per share for the year ended December 31, 2016. The net income for the year ended December 31, 2017, included a non-cash unrealized foreign exchange gain of $20.9 million which was primarily related to the Company’s debt that is denominated in U.S. dollars."

Total tonnes mined (000’s) 72,598 Excludes ore re-handle from stockpile
Ore tonnes mined (000’s) 26,204
Waste tonnes (000’s) 46,393

Tonnes milled (000’s) 14,086
Feed Grade (Cu%) 0.317%
Recovery (%) 77.2%

14,086,000t x 0.00317 x 0.772=34472t=75,997,750lb Cu

all figures from the "CONSOLIDATED FINANCIAL STATEMENT For the year ended December 31, 2017"

C6C Price at posting: $1.40 Sentiment: Hold Disclosure: Held
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