Buscar Company (CGLD)

[WOOHOO]

From the Company's June 12th PR.

The mine produced over 4,200 ounces of gold and gold equivalent during the month of May, an increase over the prior months. We anticipate that production for June and July will be similar to that of May.

Here is my current projection for the next quarter. I'm assuming 12,600 ounces sold (4,200 X 3) with an average sales price of $960 per ounce (maybe a bit conservative).

My projected EPS of $.0182 represents a 31% increase from the previous quarter.

I'm currently projecting calendar year 2009 earnings which are quite astounding. I'm still waiting on some parameters so that I can finalize my research. Besides I still need to finish loading up here.

My main concern on this stock is dilution. The Company has been quite liberal concerning the use of the Company stock. However, I anticipate that future earnings will more than offset any further dilution.

GLTA




Projection
PERIOD ENDING 31-Jul-08

Total Revenue 12096
Cost of Revenue 3871
Gross Profit 8225
Gross Margin % 68.00%
Selling General and Administrative 1500
Non Recurring -  
Others 800
Operating Income or Loss 5925
Total Other Income/Expenses Net -360
Earnings Before Interest And Taxes 5565
Interest Expense 400
Income Before Tax 5165
Income Tax Expense 1549
Net Income 3615

Shares Outstanding 198,238,000

EPS 0.0182