Pitfals of TARD-MATH
GOD's fairy tale TARD-MATH is best example
( same as those GOD's stunts about uneconomical $$ billions in ground LOL)
how one can lose life time savings betting on such TARD- MATH.
( ie. $320/t - 150 cost = $billions in profits... LOOOOOOOL )
GEEESUS ..have mercy on the " Einsteins".
According to GOD's TRAD-MATH 1 machine will produce 0.9mt in 6 months.
CMK has 1 machine producing since Dec 2010 and will have another one
producing starting July.
So, God's TARD-MATH suggests CMK will produce 2.7 mt in 2011.
Y
ET ,CMK said, they will produce 350kt 2011...LOOOOOOL
7.7 TIMES LESS THAN GOD'S TARD- MATH
Geeeesus.
Applying that ratio to God's TARD- TARGET of $ 7 ...the real PPS target is 0.7 $
Notice how tards lowered their "targets" over last months from $ 30 , to $ 20 ,to $15 ,to $ 10 , to $ 7 to $ 5 ..
This REALITY CHECK process is not finished yet till they will go down to $ 2 ....LOOOL
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Example of such TARD-MATH applied to GCE
One P&H 2800XPC heavy duty electric mining shovel scoops a 65 ton (59 metric ton) and loads that on a truck in 5 min
https://www.cfhi.com/en/upload/2008/9/%E6%88%91%E5%9B%BD%E7%AC%AC%E4%B8%80%E5%8F%B02800xpb%E7%9F%BF%E7%94%A8%E6%8C%96%E6%8E%98%E6%9C%BA%EF%BC%881986%EF%BC%89%E5%B9%B3%E6%BA%AF%E5%AE%89%E5%AE%B6%E5%B2%AD.jpg
That's 600 t /hr = 2 TIMES MORE than continuous miner
IN 20 HOURS THAT IS 12, 000 TONS a day
IN A 25 day MONTH THAT IS 300,000 TONS
IN 6 MONTHS THAT IS 1.800,000 m tons , 3.6m t in 1 y
AND THAT IS ONE MACHINE.
GCE has 3 such machines DEPLOYED ALREADY AND WORKING AS WE SPEAK.
vs CMK having 1/10 the GCE capacity installed now
THAT's 10.8 mt a year .theoretical production calculated the "GOD's (read - tard's) way "
Yet, GCE will produce this year ( till FY end March 31 ,2012) only 2.4 mt
4.5 times less than theory and almost 2 times better ratio than CMK 7.7 "less than theory."(evidence of relative superior GCE efficiency )
SO MUCH FOR GOD's " TARD-MATH " LOOOOL
It will take GCE 1 Y and $ 80m capex to increase production of this INSTALLED ALREADY CAPACITY of 3.5 mt to max possible 3.5 mt production
Final ratio is 3 times less the theory .
CMK RATIO :prod to theory AFTER 2 Y of STREAMLINING =end 2012
- divide it at least by 4 .
Meanwhile CMK has 1/10 the GCE capacity installed now
My tard-math is 2-3 times better , closer to reality than GOD's or tard -Cooper's.
Y
es, GCE will produce 3.5mt in 2012 and onward.
( if market conditions = finding customers will allow)
CMK in 2012 will be in process of buying and installing
the capacity GCE BOUGHT AND INSTALLED 3 months ago.
To streamline the process AFTER INSTALLING 10 miners ,CMK
will need another , YEAR and say,$ 60m capex in 2012
( = same as GCE needs $ 80 m capex AFTER GCE installe
d equiv of 10 miners capacity )
to get production to target. 1 Y - 1.5 Y LATER than GCE.
CMK IS 1 - 1.5 Y BEHIND GCE to produce 0.5 mt less than GCE.
and in need of another ,say $ 60 m capex /2012 -according to / applying GCE development data /experience.
THAT's ANOTHER 20 m sh dilution COMING 2012 geeesus
This time lag equals to GCE having $ 100m - 200m more cash than CMK
and no debt by end 2012
GCE shares 97 m ,say 100m
CMK after dilution 218 m
CMK will NEVER ( or at least in next 10 Y ) catch up to GCE
2011 GCE ( FY end March 31 2012) 2.4 mt prod
2011 CMK 350kt prod.= 8 TIMES LESS !!!!!!! GEEEESUS
I
S CMK PPS 17 TIMES LOWER THAN GCE ???
(8 times less prod x 2 .2 more shares)
GCE $ 8.3 : 17 = 50c CMK TRAGET 2011.
All that at GCE slightly overpriced PPS. Means even lover CMK target if GCE will tank further.
What is GCE and CMK record of delivering on promised prod volumes ?
GCE 33/66 hit /miss ,but at least not a fraud.
If miss, than average 20-25%.
CMK 100% RECORD OF BIG MISS by 70% bordering on disclosure fraud
If any of them is a good investment ( which is a question in those slowing down economies and lower / flat at best market)
than GCE is.
More here
https://stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29777421&l=0&r=0&s=CMK&t=LIST
.