Hi Mike,Last Qtr report says that product sales were:- $8.057...

Hi Mike,
Last Qtr report says that product sales were:-
$8.057 mil
Costs were $6.736 mil
and net cashflow was $2.321 mil

Now lets us assume that Jan - Mar qtr costs are similar to
Oct-Dec costs and that production for Jan-Mar per month is similar to month Dec 2010 then we would have :
Product sales $13.6 mil (@ av of $1350/oz)
& Costs $6.736 mil
giving net cashflow of $6.864 mil

This would be an uplift of $4.543 mil on previous qtr.

Now suppose this hasn't been already factored into the sp then it could mean:

$4.543 mil X 4 =$18.172 for full year
Devide by no of shares (359 mil) = 5 cents/sh
x10 P/E = 50 cents sp uplift.

Maybe I'm dreaming?
I know that the sums are crude and dont account for other
costs not included in Oct-Dec Qtr.
Anyone care to comment?

Moorookamick
(blinded by blue sky and sporting a rose coloured monacle!)