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re: News: Condor Blanco signs Chilli Iron ore... Hi BigdigEBIT...

  1. Prestonian
    3,680 Posts.
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    04/10/12
    10:47
    Post #: 10810803
    re: News: Condor Blanco signs Chilli Iron ore... Hi Bigdig

    EBIT takes into account the cost of production, but excludes the cost of capex, interest, tax, which I believe are low anyway.

    The $1m per month is EBIT I thought (page 17 of recent presentation announcement), not revenue, and imo on this project EBIT is probably a fair reflection of the net cash flows given they've stated capex etc would be minimal.

    Actual revenue per month would be a lot higher than $1m but this figure has not been provided.
    CDB Price at posting: 7.8¢ Sentiment: LT Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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