TSXV:INCA.H - Post by User
Comment by
TheRock07on Jul 13, 2016 9:31pm
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Post# 25050829
RE:RE:RE:Proxy Comparison....Why a 5+ bagger is real
RE:RE:RE:Proxy Comparison....Why a 5+ bagger is realDNG states 14.6% as their gross margin , including processing costs but also some non cash and misc costs.
Best guess is that cost of ore ( 35% ) of net sales plus processing costs of about $2.5 million, for an adjusted GM of about 20%-25 or so.
As can be seen from the Inca NR, NRM is sales revenue less cost of buying ore and less processing costs.
So, perhaps 40% compared to 20-25%.....as stated.
I have not checked comparative recovery rates or plant operating costs both of which would impact NRN and gross margins...
"SAC plant averaged 40 per cent for the first six months of 2016, nearly double over the same period last year.
NRM, a key industry metric being gold sales revenue less the related cost of mineral purchasing and processing, grew consistently from 23 per cent in the first six months of calendar 2015 to 40 per cent during the first six months of calendar 2016. Over the six months through December, 2015, the company enacted num"