Thursday, May 15, 2014 12:34:32 PM
Below is a screenshot from it using $2,500 gold, $900 all-in sustaining, forecasted financing pmts, price multiples assume shares fully diluted as all options, warrants and convertibles will have been exercised, and 225,000 production for 2015:
Keep in mind this is a rough estimate of earnings and not a to-the-penny estimate of net income. However, using the price received per oz. of $1241 and oz sales in Q1 it was around $900k off from real earnings, which is not very scientific, but much closer than I had anticipated and gives it at least a little bit of credibility.
Keep in mind this is a rough estimate of earnings and not a to-the-penny estimate of net income. However, using the price received per oz. of $1241 and oz sales in Q1 it was around $900k off from real earnings, which is not very scientific, but much closer than I had anticipated and gives it at least a little bit of credibility.
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