Brigus Gold Corp. (BRD)

[wshaw14]

I am not all that concerned about gold prices. I dont believe they
will remain at these low levels much longer. JMHO

I used last Q to do an estimate. I know this is not exact, but it should be reasonably close.

Revenue $43,828,000
Net Income -$13,741,000

Total Cost =$30,087,000 Divided by (OZ) 27818 = $1081.00 cost per ounce including depreciation and other Inc & Exp.

Including capital costs 0f $37.9M over the next three quarters I expect they will need about $1300 per OZ to avoid negative cash flow and be able to keep up their expected capital expenditures.

$1081- (depreciation) $304.00+ capital expenditures $505= $1282.00 Based on 25K production.