DD12345,If I can just make some adjustments to the yearly...

DD12345,

If I can just make some adjustments to the yearly numbers you posted earlier.

Operating Costs = US$558 per dry metric tonne of conc
Shipping Costs = US$50 per dry metric tonne of conc
Treatment Charges = US$338 per dry metric tonne of conc
Smelter Charge = ??? (not sure yet if there will be any)

Here’s what I come up with.

Production Rate = 720,000 tons of ore per year

Concentrate produced
– Zinc metal produced based on 13.2% head grade (720,000 * 13.2% = 95,040 tonnes)
– Zinc metal recovered based on 91% Recovery (95,040 * 91% = 86,486 tonnes)
– Zinc concentrate produced based on 53.8% concentrate grade (86,486 / 53% = 160,755 tonnes)

Tons of Zinc Concentrate produced = US$369,736,500 (160,755 * Zinc Price of US$2300)
Sell on Value to Smelters = US$314,276,025 (Calculated at 85% of zinc price)

Operating Costs inc delivery to discharge port = US$89,701,290 (160,755 * US$558)
Shipping Costs (approx $50 per ton conc) = US$8,037,750 (160,755 * US$50)
Treatment Costs = US$54,335,190 (160,755 * US$338)
Total Operating Costs = US$152,074,230

Operating Profit per year = US$162,201,795 (US$314,276,025 - US$152,074,230)
Operating Profit Based on 90% equity = US$145,981,645 *10% Owned by Burkina Faso Government

25% Company Tax = US$36,495,403
4% Royalty Tax = US$5,839,264
Post-Tax Profit per year = US$103,646,947

Just like to comment as some posters have pointed out already, that the AIM management are at last starting to be more transparent giving shareholders regular progress reports. Lets hope it continues. Like others who post here, I am feeling more optimistic that AIM can get the job done.

Regards,
DC