RE: new share count and 1c EPSAbsolute crazyness GEEE,
Here is a taste of your own medicine......
Shares outstanding with overalot 206 not 219 look at SEDARS and use your calculator....LOL!
Options vest and or stock purhased and added to float if difference is higher than option price, if not they don't turn into shares
If SP go's up past $3.50 a share maybe 1-1.5 million vest I am good with that by early 2012 as it means we are going in the right direction
350,000 x $320 a ton = $112,000,000 for Q4-2011
Cost $71-$80 a ton (see SEDAR) ramped to 2.75 million by Q1-2012 (less than 6 x months away)
$320 - $80 = $240 per ton
Differ of taxes due to earlier losses
$240 x 350,000 = 84,000,000 million earnings after average per ton cost of $80 (per ton)
84 / 206 shares = .40 cents (if tax deferals in Q4 support) if not .25-.30 cents at current coal prices
No past over tonage to bring down per ton costs in Q4-2011
Q1 - 2012 with ramp to 2.75 per year
680,000 tons a quarter x $320 = $217,000,000 total revenue in Q1-2012 after Q4-2011 recent 84,000,000 million in earning
All required rail-load funding already paid and load-out starts
Direct load to each rail car directly from mine coal handler increases direct load-out capacity and supports even lower costs - $70 a ton from $80
Increases quarterly earning further with increase to 3 million a ton ramp up in ending 2012 to 2013
Announcement of increase to 3 million for Q4-2012 capacity to support earning in Q4-Q1-2013 with long haul option big pop again
2,750,000 x $320 a ton = 880,000,000
2,750,000 x $80 a ton costs (look at reports in SEDAR) = $220,000,000
880,000,000 - 220,000,000 = 660,000,000 in revenue ending 2012
660 / 206 shares = $3.20 a share ending 2012 before tax
after tax $2.00 a share earnings 2012
Or .50 cents a quarter at current coal prices
During this time Q4-2011 .25 cents, Q1-2012 .50 cents or gross revenue before tax but after costs Q1-2011 & 2012 = 84,000,000 + 165,000,000 = 249 million
While making all this money, cash on hand today already funds all equipment, load-out costs, operations go forward into Q2-2012
No debt, fully funded 249 million in the bank by ending Q2-2012
Cash on hand = 206 shares / 249 cash on hand = $1.20 per share in cash half of todays stock price
Earnings of $2 in 2012 or more x 5 multiple = $10 share price with $1.20 in cash
Share price with cash = $12
No debt, all major cost projects completed and new miners already paid with no equipment leases even before Q4-2011 & Q1-2012 earning
To bring on a mine like this from Greenfield would be $400 million, plus equipment costs and monthly operations burn
Normally huge dilution, or combo of slow increase to tonage capacity while paying large debt
Cline no debt, .40 cents in cash today
Plus many permit hurtles completed and in production
We have done this with no debt and purchased mine for a steal
Already well ahead of the game and with 2 x years work done fully upgraded mine to current standards
Remember fully funded for 15-17 months based on current burn, includes buying all needed miners, new staff, and load-out to increase late 2012 above 3 x million
Dirt cheap and a 5 x bagger a year out
Plus potiential for buy-out within a year as NR releases come and large US producers review capacity acheivements and make the purchase to increase their own production and SP using their large cash on hand
Result anyway you look at it....we go up from here
P.S - I will not do this again to long but I had to rebuttle these ridicoulous no meaning emails