our ebola virus is century

it is costing us $216m a year to keep this dud going
it is slowly eating us alive. If don't close it now we will lose everything.
Even if it never produces again. Just write it off and forget about it.
If we close it now we could make a profit of around $252m a year from other operations or about 8c a share.

sepon copper $69m
golden grove copper $72m
rosebery zinc $41m
golden grove zinc $44m
Sepon gold US$22m
golden grove gold $4m

TOTAL = $252m or 8c per share

If we include Prom Hill we could probably make $333m or 10c a share

Prom Hill

100,000 tonnes of copper
($1.50 price - $1.20 cost = .30)
.30 x 220m = $66m
75,000 oz of gold
($800 price - $700 cost = $100)
profit $7.5 m
TOTAL $73.5m

On a PE of 10 that would get us about $1

But if we don't close Century now today or tomorrow we're finished I reckon.


Based on cash costs gleened from the quarterly and today's metals prices to get a profit
to get a yearly production figure quantities in the quarterly have been multiplied by 4.



Gold price = $801
Sepon gold US$555
golden grove gold $700

copper price = $1.54
sepon copper US$1.09
golden grove copper 32c

zinc = 52c
rosebery zinc 30c
golden grove zinc 31c


PROFIT/LOSE

sepon copper US$0.45 x 154,685,536 lb = $69m
golden grove copper $1.22 x 58996672 lb= $72m


rosebery zinc 22c x 186,361,424 lb = $41m
golden grove zinc 21c 209626,848 lb = $44m
century -19c (including prestrip costs)x 1,139,388,656 =
-$216m


Sepon gold US$246 x 88,760 oz= $22m
golden grove gold $101 x 37,652 oz= $4m

TOTAL = $36m


Prom Hill

100,000 tonnes of copper
($1.50 price - $1.20 cost = .30)
.30 x 220m = $66m
75,000 oz of gold
profit $7.5 m
$73.5m

The $1.2bn will be used at Prom Hill

All cash will burnt up to get Avebury and Prom Hill up and running

Also for about centipede, martabe and dugald river. we haven't got the cash for those projects.