This is a revision of the spreadsheet for Q2 based upon the
Q1 INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME/(LOSS)
(Expressed in thousands of U.S. dollars) (unaudited)
Page 4 of Q1 Financials DO YOUR OWN DD
Using $1000 for a sales price and 44850 oz sold I still get +$.03 EPS for the Q2.
I have simply used the numbers based upon percentage of the expenses divided by total revenue of Q1. Percentages used are next to the item expensed.
Granted this is a rough spreadsheet but it gives a feel for the $ velocity involved. Spreadsheet below.
Would love you accountant types opinions.
AVERAGE PRICE OF GOLD Q2 $1,000
Q2 GOLD PRODUCTION $44,850
Revenue $44,850,000
Operating Expenses
Production Costs (43%) $(19,285,500)
Depletion and Depreciation (15.58%) $(6,984,939)
GROSS PROFIT FROM OPERATIONS $18,579,561
General and Admin (6.8%) $(3,049,800)
Share Based Payments (.00983%) $(440,876)
Other Charges and Provisions (.01815%) $(814,028)
NET INCOME FROM OPERATIONS $14,274,858
Finance Expenses (.14767%) $(6,623,000)
Foreign Exchange Gain/Loss $-
Interest Income/Loss $-
NET INCOME/LOSS $7,651,859
Weighted Average of Common Outstanding
Diluted 252,221,000
Net Income Per Diluted Share 0.0303
