soon to be 50 cents, page-70

frenzal1,

"What about other opinions on this stock"?

FWIW, my opinion is based on the arithmetic:

2009 estimations:-

Ore Milled ~ 2mt
Ore grade ~ 1.72g/t
Recovery ~ 92%
Hence, gold production ~ 101.7koz
At an average of $850/oz over 2009 (+/-)?
Sales at hedge ~ $17.2m
Sales at spot ~ $65.5m
Hence, total sales ~ $82.8m
At cash costs of $448/oz, total costs ~ $45.5m
G&A ~ $5m
EBITDA ~ $32m
Interest paid ~ $0.14m
Tax ~ $6.6m
Net earnings ~ $25.4m
Net EPS ~ US$0.06
At PER of x10 SP ~ US$0.6/share (c. AU$0.91)

CAPEX+EXPEX ~ $10m
Debt repayment ~ $3.4m
Net cash ~ US$14m

Only my opinion and subject to realised ALD production/costs and gold average over 2009
CPDLC