Re: RevenueThanks for your analysis but on first glance it appears you included some fiscal year end costs and applied them to a single quarter. A better way to estimate quarterly cost is to use the fiscal year end statement and calculate the cost as a percentage obasis.
Also I see the Year end comparative balance sheet and income for year ending Dec 31, 2010 on their web and on Sedar but can't find the 4'th quarter IN, & BS. Can you provde a link, thanks.
On a yearly basis
Production cost 51.9%
Royalty 21.94%
Other expenses for YEAR 3.9%
Depr, Admin, Trans, 8.28%
Taxes 3.3% (depends on cost this year)