RE:RE:RE:RE:RE:Thoughts on Orion SharesI am way overweight in VGCX shares as well, but these prices were too low to resist buying more.
I expect Q3 numbers to be:
45,000 oz production
Avg selling price C$2500
AISC US $1100 (C$1450)
Earnings 45,000 x $1050 = $47,250,000
Less call options 18,000 x (2500-1936) = $10,152,000
Net Earnings = $37,098,000 (No income taxes this year)
Earnings/share = $0.60
Annualized = $2.40
P/E ratio = 15
Share price = $36