Numbers that need correcting - maybe lots OK here are some numbers, I know they need corrections, possibly large ones. So using them as a starting point, will someone please correct/change them into numbers you feel are more realistic? If these numbers are anywhere close, I think now is a crazy time to dilute them with KDI stock.
Thanks.
Using 2017 results, coupled with 3,000,000 carats sold in 2018, I take the Earnings from mine operations per carat of $ 26 times 3MM carats and get the 2018 earnings form mine operations to be $78MM. Then subtract $14MM admin costs and get a net operating profit of $62MM.
That is about $0.38 per share in 2018.
Using the 4th quarter results, again coupled with 3MM carats sold, I take Cash costs of production per carat recovered, including capitalized stripping** $ 26 times 3MM carats and get the 2018 COP of $78MM. Add to that $16MM admin costs and get cost of sales to be $94MM. I guess I should add to that $25MM of Sustaining capital expeditures to get a total cost of $119MM.
Assuming sales of 3MM carats sold at $70, I get sales of $210MM, less the costs of $119MM, leaves a net operating profit of $91MM.
That is about $0.56 per share in 2018.
Corrections please.