doing a quick, back of the envelope calculation..
margin on per ounce of gold = aud$500 (1,100 - 600)
the 150k ounces from brightstar spread over 4 years = 37.5k ounces per yr.
for the 6 months from 1 jan 10 to 30 jun 10, they should be producing and thus generating cash = 6 months of production = 18.75K ounces @ $500 margin/ounce = 9.4m
if we took last years expenses of 4.3m and doubled it to 8.6m (highly unrealistic and ultra conservative)
9.4m - 8.6m = 0.8m in profit
i have taken a very conservative view... it looks like we will make a profit for the full year to jun 10
i really like this stock, its fundamenatally sound and the numbers add up..
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1 | 89959 | 0.055 |
2 | 65000 | 0.053 |
1 | 555000 | 0.051 |
2 | 550000 | 0.050 |
Price($) | Vol. | No. |
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