KRM Fundamentals

Hi folks,
This is a rough shot at throughput/grade & margins with SP based on P/Es,
all IMO, of course. Please feel free to do your own calcs.

Cheers
Moorookamick



2014 - KRM Spreadsheet
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18th June 2014.........................KRM Fundamental Spreadsheet...................Moorookamick!

	Column 1	Column 2	Column 3	Column 4	Column 5	Column 6	Column 7	Column 8
0	ton/day	ton/year	grade g/t(incl AG)	gross profit*	GP KRM 85%	EPS#	S/P p/e 10	SP p/e 12
1	200	73000	12	$22.40 mil	$19.04 mil	5.3c	53c	64c
2	200	73000	14	$26.29 mil	$22.35 mil	6.3c	63c	76c
3	200	73000	16	$30.04 mil	$25.53 mil	7.2c	72c	86c
4	300	109,500	12	$33.80 mil	$28.73 mil	8.1c	81c	97c
5	300	109,500	14	$39.34 mil	$33.44 mil	9.4c	94c	$1.13
6	300	109,500	16	$45.07 mil	$38.31 mil	10.8c	$1.08	$1.30
7	400	146,000	12	$45.07 mil	$38.31 mil	10.8c	$1.08	$1.30
8	400	146,000	14	$52.59 mil	$44.70 mil	12.6c	$1.26	$1.51
9	400	146,000	16	$60.09 mil	$51.08 mil	14.3c	$1.43	$1.72
10	500	182,500	12	$56.18 mil	$47.75 mil	13.4c	$1.34	$1.61
11	500	182,500	14	$65.72 mil	$55.86 mil	15.7c	$1.57	$1.88
12	500	182,500	16	$75.11 mil	$63.84 mil	17.9c	$1.79	$2.15
13

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* $1450 AUD/oz & $800/oz GP ( assumption that no 2015 due to two year stoppage costs?)!
# Assumption that there are 356 mil shares issued.!
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Please feel free to pick a box. ..NB: Always DYOR and consult a licensed financial advisor before making any investment Decision. MM.