I understand Prospector wont be drilled until after the rainy season....so after 2nd quarter of 2008
Prospector has 1,135,000 t @ 1.0%
Also the current operation has a target of 1300 T/Cu for the december quarter and is on target.......if this is the case then I would expect revenue of :
1300 x $6900 T /Cu =$8,970,000 in revenue for the quarter and a cash cost of $1.70 lb leaves an operating profit of $1.40 lb (average)= $4,036,500 operating [profit for the quarter...not too shabby Tax guestimate say 33%= NPAT of $2.7 million for the quarter..........thinking further ahead that means around 11 million NPAT for 12 months operation.....if they ramp up to 9900 t Cu we could expect somewhere around 20 million PROFIT for 12 months at production rate of 9900 t
cheers Jam
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