From what I can work out Perilya's profit.Using average zinc price for half year of 1.21us a pound,cash cost 93c a pound.and 87us cents.Sales of 34420t Zinc and 24500t of lead.Profit before tax would be (AUD)$41+ million.But I do not understand there hedgeing,put options,currancy hedge,etc.Plus $17 million profit from Herald.And 8.5 million profit from selling Daisy miliano gold.And a little interest from having 136.4 million cash and no debt lets say 3+ million.Plus have sold on contract 25% to 30% of beltana zinc 100000+plus tonnes of contained zinc.I used 2205 pounds to the tonne.Which would mean a profit of $70 million before tax and any unknowen things hedgeing,etc.Revenue of approx 170 million?.Used same price for Zinc and Lead 1.21 lb US$ cash cost of 93c lb US.Any one willing to have a guess I will stick with my $40+ million profit.And willing to say there hedgeing is the problem I think?.Hoggle will say good bye now.
PEM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
