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Congo Mining

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Congo Mining

Re: StockItOut post# 34031

Monday, 06/22/2015 9:25:09 PM

Monday, June 22, 2015 9:25:09 PM

Post# of 63744
Q1 EPS = 0.026894

Net Income = 6,780,000 thus $0.03 EPS

Q1 Net income = 6,780,000

# shares = 252,100,000

EPS = 6,780,000 / 252,100,000

EPS = 0.026894

thus they rounded up as they should of course.

Just so ya-all know.

There is that entire penny of EPS before they can round up to 0.04.
and revenue for Namoya will go to Mine Under Construction and will not add to EPS.

Thus, my prediction for EPS Q2 is 0.03 to 0.04

Based upon that they likely increased throughput and recovery rates at Twangiza.

Q3 will be Off the hook...blow out Q
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