TSX:LSG.DB - Post by User
Post by
Giverbulletson May 07, 2014 9:49am
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Post# 22532945
Please help explain!
Please help explain!Can someone explain how cash and bullion increases by $14 million in 4 months yet net earnings is only $4.7 milllion for the quarter. 43,000 oz of gold sales at $1300 is ~$56 million, yet cash earnings from operations is only ~$32 million. So if they are stockpiling gold......is that not somehow put towards EPS? I see $56 mil earnigs - $29.6 production - $13 million capital = $13.3 million EBITDA.
Keeping in mind, the $13 million capital is re-invested into the company so gross earnings/asset growth should equate to ~$26 mil per quarter or $100 mil per year. Either way, $13.3 mil equates to 3 cents per share per quarter or 12 cents over the year. At a simple 10X multiple, we should be at $1.20 at least!!! Why is this not calculated as such? Please help! Thx.