Micro-Penny-Value-Growth-Shares-OTCBB

[pnnymn]

CGLD I found this post on yahoo . ......I havent had the time to DD it but it looks interesting.....Lets do a bit of bar napkin scribbling with what we know about CGLD.

In Qtr ended Oct31 they sold 9194 oz/au at an average price of $710 for net sales of $6,526,000. They posted net income of $1,747,000 or $0.01/share.

http://www.capitalgoldcorp.com/press-rel...

In the current Qtr they have sold 7200 oz at average $816 price/oz.

Let us forecast full Qtr production in a range from 10,200oz to 11,400oz and guess at selling price between $816 and $856/oz for the full quarter.

Cost of production probably increased but lets use the last quarter number of $239/oz.

http://www.capitalgoldcorp.com/press-rel...

Net sales for the current quarter should run between $8,323,200 and $9,758,400.

Last quarter net sales $6,526,000 minus $2,197,366(9194 x 239) minus the $2,581,634 ( all the other expenses) gave us the net $1,747,000.

Let us use the projected revenue numbers with the production costs from last quarter. I know that does not really work, but hell, this is the bullish case!

Low sale number $8,323,200 minus $2,437,800 ($10,200 x 239)
minus that $2,581,634 equals net income of $3,303,760 or $0.19/share.

High sale number $9,758,400 minus $2,724,600 ($11,400 x 239) minus that questionable $2,581,634 gives us $4,452,166 which divided by 174,243,626 equals $0.25/share.

$0.19 x 8 = $1.52
$0.25 x 20 = $5.00

Ok, that is the bullish case. A bit unrealistic perhaps.

Who cares to chime in with corrections or best guesses for production cost increases as well as changes in share count, administrative cost, taxes and the like?