Thanks Loki. My understanding is that EPS (earning per share $0.151) is based on net profit divided by total shares outstanding. While this earning is the net profit which is calculated by revenue - operation costs - admin costs - depreciation & amortisation - interest costs - income tax - dividend. In this context, it does not appear to me like the report calculated it in this way. It simply use revenue - cost of sales - admin expense - other costs (tiny 206k) to work out 31M. In my understanding it omits substantial costs such as sustainable costs etc. Maybe these components are included in the "cost of sales"? or my accounting knowledge is too primitive to comprehend this.
If I calculate the EBITDA by using revenue less total AISC costs, it comes out as 69000000 - 951*62000 = $10038000, very different than the claimed 39.7M. Can you see where I am wrong?
MML Price at posting:
77.0¢ Sentiment: None Disclosure: Not Held
