AAM aumega metals ltd
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I have been playing with some figures and have come to the...

  1. saltysaurus
    119 Posts.
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    07/10/10
    10:43
    Post #: 7293047
    I have been playing with some figures and have come to the conclusion that the company should have approximately $4.1 million surplus after mining and administration costs-

    13weeks x 400 oz x 1350 = 7million
    share capital raising =.7million
    sale of tenement =.5million
    cash on hand =.5million

    Total = 8.7million
    Less
    Estimated prod costs = 4.12million
    Estimated admin costs = .458million

    Surplus = 4.12million

    Leaving $4 million to be allocated for overdue payables, development costs and exploration costs
    AAM Price at posting: 13.0¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 8  Upvote
    lightbulb Created with Sketch.  Great analysis
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3.9¢ 		Change
0.001(2.63%) 		Mkt cap ! $23.63M
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