High River Gold Mines Ltd HRIVF

RE: RE: here are the highlites

[discern]

A little bit of an update, because a 0.33/share earning would be too huge.
Have to include the $57 million financing from Troika so
Total Earning of $220 million - $57million = $163million
$163million / 800million shares (I got that wrong as I did it from memory)
=
.204/share
Now, compare that to other companies, OLMA suggests that the average P/E is 30 for similar companies.
A target value of $3.00 is very reasonable with these numbers.
Cash flow of 126million
Debt reduced by 100 million
336K ounces of production
Reduced costs for production\
No warning???
I don't know what is included in earning per share,
But it looks like audited results will be positive earnings /share.
I would calculate it as reduced debt, plus increase cash and cash equivalents, plus increase in working capital
104million + 62million + 54million
Total = 220million
About 660million shares outstanding
Earning /share then would be 0.33/share