ALB albion resources limited

some math, page-3

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    I guess the question you would need to ask is does the 3 days of lost production represent the constant average production rate over the 3 month period.

    I for one would recommend looking at the last qtr or forcast production rate to get the avaerage for the month.

    If you compare the 4 day lost rate for the period in July you will notice that for those 4 days lost production was averaging 172 tonnes day where as 3 days before it was 140 per day.

    Note I'm not saying that the 4 day figure is right either just that I'm not sure these short periods will give a good average for the whole period. Probably the best thing to do would be to use the average over the 7 days.

    ie 158 Tonne per day lost which when extrapolated for the 3 months so how many production days in April/May/June

    21,21,22 less 3 down days , less 2 public holidays in easter 64-5 = 59

    so tonnes produceded = 59*158 = 9338 or there abouts. Maybe they work some weekeneds?

    Again does the amount lost for small period reflect the average they recieve for the qtr I doubt it but the deliveries will be based on shippments and their agreed sale price.

    Using that $ rate per tonne of 1498 = revenue about 14 Million USD.

    personally I believe we will need to wait and see.

 
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