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14,167 Posts.
118
21/10/08
14:10
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Just did an earnings forecast based on todays prices, costs and production figures and then multiplied it by four
used that as the basis of future production, prices and costs.
assumed century would cost 69 cents to produce a lb of zinc, price sold = 53 cents US, production 284,847,164 lbs
and a lose of $45,575,546
also assumed averbury would continue to run at a lose of $13,052,088
2,071,760 lbs x -$6.30 = -$13,052,088
Also assumed there would be NO Promininent Hill
ALL other operations are producing profits
the most profitable is sepon copper @ $41,958,451
Ok that I think is about as bad as you could imagine
but quess what we would still be going concern and would make .067 cents aussi per share
Profit for this quarter was $38,575,119
for four quarters $154,300,476
no of shares = 3,255,743,086
eps = US$0.047
exchange rate is A$1.43 = US$1
eps = A$0.067
prominent hill is supposed to produce 110,000 tonnes of copper per year and 75,000 oz of gold by the way
it is easily far and away the jewel in the crown and it isn't due to get into full swing till next year
so imagine that
consensus forcasts for next year with prom hill are
2009 2010
EPS 18.0 28.6
lets halve them
.09 '09
.14 '10
on a forward PE at $1.12
we are 12 in '09
and 8 in '10
still good value
you never know metals price might go up from here
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