AIS 5.08% 28.0¢ aeris resources limited

Earnings Projection and Valuation Jan-Jun 2021

  1. 538 Posts.
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    6 month earnings projection January to June 2021:
    Hedging revenue locked in:
    • Copper hedged at 833 tonnes per month Feb - June 2021 - $9,228 per tonne = $52,079,820
    • Gold hedged at 3000 ounces per month $2,536.25 per ounce at 18,000 ounces = $45,652,500
    • Copper hedged at 637 tonnes per month Feb-June 2021 - $10,500 per tonne = $33,442,500
    Total hedged revenue from January to June 2021 of of $131,174,820

    Overall Yearly Production Guidance outside of hedging: Copper
    24,000 tonnes of Copper ( 4,000 tonnes per month )
    1,470 of this copper is already hedged leaving 2,530 tonnes per month at an "AVERAGE MARKET" from January to June price of $11,000 per tonne getting produced at "Triton Copper".
    This should equate at additional revenue of $139,150,000

    Overall Yearly Production Guidance outside of hedging:
    Gold70,000 ounces of gold ( 5,833 ounces per month )
    3,000 ounces of this gold is already hedged leaving 2,833 tonnes per month at an "AVERAGE MARKET" from January to June price of $2,000 per ounce
    This should equate at additional revenue of $33,996,000

    Total half year earnings projection from 2021 January to June = $304,320,820

    I could break down further to earnings projections, however I think it is safe to say, this company is on the right track indeed.
    EPS at June 2021 if you work out the HY report from June to December and my projections above is $0.27.
    Not including the enhanced resources, drilling and debt paid off.
    Great equity, happy to enter AIS at 1,500,000 units today

    - GLTAH
 
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