Already accounted for the interest payment if any.
As for those that are counting the additional profits from the elimination of PM deals, don't you also have to account for the interest you need to pay for the loan you used to pay off the PM deals? I don't see anywhere in the NR that says they are not paying interest over that first 18 month period where they are not required to payback any principal. Won't those interest payments bite into that additional profit you are already counting on?
My analysis gives the $0.012/share per month profit to the bottom line with interest already take out at 10%. ALL MY NUMBERS WERE NET OF INTEREST ALTHOUGH I AM NOT SURE ANY MONEY HAS TO BE PAID FOR THE FIRST 18 MONTHS AND INTEREST MAY JUST ACCRUE. If that turns out to be true you pick up another $0.003/share per month.
Check the calculations yourself. 10.3% interest. $1,675.20/oz. gold, 1485oz./mo sold. Discounted present value @2.6%/yr. I took the more conservative approach assuming we would pay interest. If not, that is $0.18 increase or 125% over last year instead of the 80% that I calculated with the more conservative approach. Soooo the numbers I gave you in my post already had the $0.003/month/share taken out.
I have no idea what you mean by a full load, partial load, or good money.
I see very little risk that POG will decline in 2013. I have complete faith in western governments in EU and USA to continue to screw things up.
I understand that you are not familiar with Panamanian rules and commerce. PDI's margins will continue to be excellent no matter what the case turns out to be with Inmet, et al. The majority of infrastructure spending is to the west of Panama City, in our direction. We could sell three times as much aggregate if we had it. Don't forget there is some very nice ore under the aggregate also.
