IGR 0.00% 50.0¢ integra mining limited

relative value, page-16

  1. 3,197 Posts.
    thanks Mooroo


    "Multiply by $600/oz (NPAT) = $71 mil NPAT"


    Have a look at page 23 of the last financial statement:

    http://www.asx.com.au/asxpdf/20120301/pdf/424rj6c14cpw1r.pdf

    Have you accounted for extras on top of basic production cost such as D&A, admin, royalties and tax? They seem to be capitalising their exploration expenditures instead of expensing them (page 29).

 
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