OTCPK:MAUXF - Post by User
Comment by
bakken13on Dec 27, 2012 9:28pm
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Post# 20776187
RE: Clarification of Future Value
RE: Clarification of Future Value slider, MMT doesn't cash flow $100/bbl.
If you look at the last two quarters, they claim FFO (funds from operations) of $46.70/bbl in Q2 and $72.70/bbl in Q3. They define FFO as net sales less royalties and production costs. I am not totally comfortable with that, as they leave out G&A costs. I am not sure why they do that, as those are real costs that must be paid for directly from income. If you include G&A costs, the FFO comes to $38.40/bbl in Q2 and $64.50/bbl in Q3.
Q2 had several unusual events that negatively affected their net income. You can read all about that in their MD&A for that quarter.
Hope that helps.