GREY:HRIVF - Post by User
Post by
1marketmakeron Mar 31, 2011 5:57pm
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Post# 18369939
Fixed table structure-Hope this works.
Fixed table structure-Hope this works.
All you need to know if that they made over $200 million...and the reason for the INCREASE is gold ounce costs was because THEY WERE SPENDING MONEY to increase product and fix all the earlier issues we had before.
BREAK DOWN
Look how much MORE we spent this year over 2009 and where it was spent.
--------------------------...........2010 2009
Property, plant and equipment ....................(40,740) .........(25,798) (15M more)
Exploration properties and deferred
exploration ................................................(17,110) .........(8,484) (9M more)
Purchase/sale of other long-term assets....... (7,810) ............168 (8M more)
Fair value adjustments to financial
instruments ................................................(13,684)............ 1,917 (15M more)
Mining costs.............................................. (25,081) ............(4,482) (21M more)
THIS ADDS UP TO 69 MILLION DOLLARS.
$69 Million divided by 329,921 ounces of gold = $209 MORE per ounce. But, they
MADE MORE MONEY TO OFFSET THIS.
So this is a company REBUILDING, With $154 million in cash, cash flow of $156 million and huge production
increases coming up.
So if we need to spend $69 million more to get us there, I'm all for it. This has turned into a long haul.
But one which I know is headed in the proper direction.