Post by
aweigh on Dec 12, 2014 10:06am
Estimated cash flow is US $ 35 Mill ( CDN $ 40 Mill )
after tax but before debt. If you take $ 15 Mill off of that per year for service and repayment of the debt over the life of the mine ( 6 years + ) you'll pay back $ 90 Mill which is far too high but evan after you will net $ 25 Mill per year to the common shareholder or about .12 per share.
They could pay a dividend or .05 per year and still have gobs of money left over for exploration and the expansion or construction of a second mine elsewhere when they find one. I don't see any reason why this won't be a highly profitable copper mining business in the greatest copper mining district on the planet and I guess that's what Galena thinks too.
Comment by
yixter on Dec 12, 2014 10:09am
Galena is also very aware of the looming copper shortage.