$202 million profit all up for the Dominican project stated by coy.
But, 65000 oz/year for seven years = 455000 oz gold $312 costs per ounce gives $426 million profit at gold price of $1250 Add 4.2 million oz silver even at a very conservative 15 dollars/oz profit takes that to $489 million profit.
So using company forecasts, $287 million profit is missing. My numbers include opex, company figures give $82 million as capex, we'll round that up to $100 million for costs associated with loans, interest etc. That still leaves an enormous $187 million hole!?
Some perspective, 735 million shares fully diluted at 0.18 gives Mcap of $135 million, so still below future profit forecast, and they've already sold some gold at above $1250 (personally i think gold will stay above $1250 too) - still, i would like to see more transparency in how they arrived at a profit of only $202 million for the entire project.
EVG Price at posting:
17.5¢ Sentiment: Hold Disclosure: Held
