3rd qrt resultsBased on forecast from last qrt reporting and a price of copper ranging from 3.70 to 3.90 cents per pound I came up with the following. The cost of mining was .76 per pound.
Price---------Net Earn---------EPS
3.70-----------81.7------------.83
3.80-----------87.3------------.89
3.90-----------92.8------------.95
The key is the copper price. Last qrt the LME avg was 3.27 and AUR's was $4.06 due to thier .07 premium for grade A copper and .72 for Gil's quotational period pricing. It looks like the LME avg will be between 3.45 and 3.50 this qrt. I am therefore being conservative.
Also, I am not taking into account Duck Pond. In last qrt reporting, AUR claimed that 5.2 million pounds of copper will be produced in 2006 and 10.6 million pounds of Zinc. They stated that production will comence in Aug.
Any one else with a prediction.
AETT