RE:RE:Nice to see that I'm Not on ignore by so many of the longs:)halcro wrote: Awerel, YP, while you're no longer on ignore by so many longs, there are just as many longs ignoring the net results of your math:
If all of the BL ore gets run through the QR mill and IF the gold recovery (at nine grams per tonne) is attainable, then the net mining profit from the 75,000 tonnes of BL ore is $2,471,300 after Sprott gets his 4,167 freeie ounces and the total mining and milling costs are covered...BUT ONLY IF ALL- COSTS CAN BE AT $900 OR UNDER!!!
That $2,471,300 ain't gonna go too far toward paying payables or DIVIDENDS (LOL).
Sorta sucks when it's tap city, with the year's production gone and there are 266.6 million shares out.
Watch for the May 31, 2014, first quarter financials which are due in another 22 days. They're going to be the nails in the coffin, IMO.
Well my off by a factor of 10 error has given the pumpers here a spring in their step after sitting quitely for most of the weekend and Monday.
The big picture IMO is the real all in cost. You take the ounces produced for the year, the top line revenue, average price of gold and bottom line net. From that you get a "real" all in cost. If $10 was spent on a Friday in house IR meeting, then that $10 flows to the bottom line deficit and reduces the bottom line net by $10. Every dollar spent counts when computing all in costs ... IMO anyways.
My SWAG for the real all in costs as reported in the Feb 2015 financials is North of $1500 and probably North of $2000 even. There are always so many apparent 1 time expenses... that if you they were ignored then the BBoS spreadsheet magic would work. But the Feb 2015 financials will be a beautiful work of art (if BGM gets there under current organization) because it is hard fact that:
- There will be a top line revnue number
- There will be a bottom line net number
- There will be an ounces produced number
- There will be an average price of gold for each quarter (or month in the year)
From there the all in cost will pop out... modulo no divide by zero errors (a major problem for the BBoS).... and it is going to be a wonderous number to behold indeed.
Anyways, this is all just my opinion based on my read of the past finanicals. Not investment advise. But I do encourage all longs (and expecially the pumpers) to fill their shoes with the so called cheap BGM shares you could have purchased today...