TSXV:OSU.H - Post by User
Post by
amarkspon Nov 17, 2008 1:17pm
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Post# 15590827
Operating Cash Flow
Operating Cash FlowBest I can tell after reading the relevant footnotes and determining cash costs, Orsu had negative operating cash flow of $11.655M for the quarter. That is, an operating cash flow burn rate of about $3.9M per month. The two primary adjustments are 1) the decrease in operating expenses for the inventory adjustment and 2) the increase to copper revenue for price adjustments relating to the 2Q. I am fairly confident that this is materially accurate, but no guarantees as the financial statements are confusing given these adjustments...
| OSU | Footnote | 2Q08 | 3Q08 |
| Tonnes Mined | | 2,319.2 | 3,930.9 |
| Waste Tonnes | | 1,722.8 | 3,028.2 |
| Ore Tonnes | | 596.4 | 902.7 |
| Ore % | | 25.72% | 22.96% |
| | | |
| Gold Ounces | | 11,239 | 12,059 |
| Copper Tonnes | | 1,259 | 1,106 |
| Copper lbs @ 2,204.62 | | 2,775,617 | 2,438,310 |
| | | |
| Gold Price Oz Realized | | | $991.38 |
| Copper Price Realized | | | $2.25 |
| | | |
| Gold Revenue | | | 11,955 |
| Copper Revenue | | | 3,557 |
| Copper Rev Adj-2Q | 5c | | 1,929 |
| Total Revenue | | | 15,512 |
| | | |
| Operating Costs | | | 16,203 |
| Operating Costs-Inv Adj | 6 | | 4,400 |
| Selling & Distribution | | | 2,215 |
| G&A | | | 4,885 |
| Exploration | | | 2,770 |
| Interest Expense | | | 1,094 |
| Total Cash Expenses | | | 31,567 |
| | | |
| Cash Flow | | | -16,055 |
| Cash Flow w/ Inv Adj | | | -11,655 |