AAU 0.00% 0.4¢ antilles gold limited

Paul, the latest Investor Presentation gave the following data:...

  1. 851 Posts.
    Paul, the latest Investor Presentation gave the following data:

    CY 2015 Projected Production 55k oz gold; 500k oz silver
    Hedged price for gold $1283/oz
    Royalty 3.2% of net gold revenue

    Revenue $83.4m ( silver included)
    Operating profit - $49.8m (excluding non-operating admin salaries and overhead)
    Mkt Cap - $32.9m (822m shares @ $0.04/share)
    Cash Cost US$530/oz

    The estimated "cash" cost US$530/oz would include Management salaries and admin overhead. The only non-cash expense, I guess, would be Depreciation/amortisation expense.

    Therefore, Profit before Depreciaiton/Amortisation expense would be 55k($1283 minus $530) = $41.4m
    compared to Mkt Cap $32.9m

    From these numbers it would appear that the PE ratio would be below or close to 1 for CY2015.

    Paul, your comment on the above would be appreciated,
 
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