Prom Resources Inc (PRMO)

[DC168]

The following is for your reading pleasure. All IMO.

I think PRMO is a $1B company. IF the following is true:
Existing 10,000kg gold bearing inventory.
Production rate is 50kg per week.
Gold bearing material consists of high gold content, up to 95%.
Mine operating cost is $300,000 per month.

1) Existing inventory's net profit
10000kg x 32.15 troy oz per kg x $1350 x 0.95 = $412 M

2) Next 5 years production's net profit
50kg per week x 52 wk per year x 5 years = 13000 kg
13000kg x 32.15 x $1350 x 0.95 = $536M

operating cost = $300000 x 12 mon per yr x 5 yr = $18M
Net profit = $536M - 18M = $518M

1 + 2 = total net profit = $412M + $518M = $930M

I just round it up to $1B net profit. The tax is not included in calculation.

TGIF. Have fun.