interesting Share at the moment is KIM (kimberley Diamond)
Food for thought, The Announcement on the 7th October made clear some very astounding points that I believe some may have missed.
9 Million Tones of earth to be processed at pipe 9 Eastern Area giving 90,000 x 100 tonne units at 9.51 cpht being 855,900 carats at US$310.00 per Carat or US$265,329,000.00 or AUS$383,644,507.00
18.4 Million tones of earth at pipe 9 Western area giving 184,000 x 100 tonne units at 5.3 cpht being 975,000 carats at US$170.00 per Carat or US$165,784,000.00 or AUS$239,710,401.00
Total for these to aspects of Pipe 9 is US$ 431,113,000.00 or if you like a total of AUS$623,354,908.00
Now that announcement said that existing in ground inventory will increase from $562,000,000.00 will it increase only by a portion of the results of the Eastern Area of Pipe nine or was there no inventory included thereby increasing the $562,000,000.00 b7y adding an additional $383,644,507.00 for a total of AUS$945,644,507.00
Eastern Area of Pipe 9 equated to a gross yield of AUS$40.00 per tonne this extrapolated out equates to AUS$360,000,000.00 which is fairly similar to the figure of $383,644,507.00 given exchange rate changes and rounding off,
Processing costs of AUS$7.50 per tonne extrapolated out is 67,500,000.00 giving a before tax profit of $316,144,507.00
Using the same processing costs of AUS$7.50 across both areas we have a Gross of AUS$623,354,908.00 less processing cost of AUS$7.50 x by 27,400,000 tonnes being AUS$205,500,000
Gross profit before tax is AUS$417,854,908.00
This divided by the shares on offer at 192,637,936 shares equates to a share value before tax is paid of $2.17 a share taking in only the two pipes.
This does not consider the in ground estimates before the eastern area of pipe nine is included, but does include the 18.4 million tones of the western area.
The current market cap is 177,226,901.00 where as the profit form these two areas is $417,854,908.00
I would say there is a lot more share price growth in this baby………….
IMHO
