PRU 2.13% $2.40 perseus mining limited

CEO gave an outlook many disappointed. Tried to put the given...

  1. 123 Posts.
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    CEO gave an outlook  many disappointed.

    Tried to put the given outlook (next 6 months) in comparison to the PRU history, in particular the last financial year.

    AISC: 950-1150 USD/ounce
    Gold produced: 130 - 150 kounces

    This compares to 136368 ounces produced at AISC of 989 USD in the last 6 months (01-06/2018).

    Assuming they will not miss the given outlook I come to the following ranges for what they will earn only from gold production (neglecting development costs) + assuming they sell the gold either for 1200 (worst) or 1250  USD (best case). With ~ 130.000 ounces hedged at 1312 this should for sure work!
    pessimistic =>  6.5 MUSD is not a lot
    optimistic => they should end up in the range of the last 6 months which would be ok.

    Let´s hope they learnt their lessons and the given outlook is on the pessimistic side + gold >1300 USD would be a catalyst desperetly needed...

    Column 1 Column 2 Column 3 Column 4 Column 5 Column 6 Column 7
    0   AISC / US $ Sales / US $ Delta Gold Sold M US $  
    1 H1 2018/19 1150 1200 50 130000 6,5 pessimistic
    2 H1 2018/19 950 1250 300 150000 45,0 optimistic
    3 H2 2017/18 989 1298 309 136368 42,1 reference
    4 FY 2017-18 1039 1288 249 240315 59,8  
    5 Jun.18 913 1312 399 82251 32,8  
    6 Mär.18 1104 1278 174 54118 9,4  
    7 Dez.17 1093 1260 167 53842 9,0  
    8 Sep.17 1116 1290 174 50105 8,7  
    9 FY 2016-17 1324 1242 -82 175233 -14,4  
    10 FY 2015-16 1351 1224 -127 153957 -19,6  
    11 FY 2014-15 877 1324 447 208316 93,1  
    12 FY 2014-14 1294 1322 28 183325 5,1  
 
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