OTCPK:MEAOD - Post by User
Comment by
mitch0frenchon Feb 05, 2017 4:25pm
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Post# 25802308
RE:What's your number
RE:What's your numberIn the Q1 (july to sept) , the price of gold was higher (aver.1300 US).
They earn 3.9 mill (about that cdn) (considering the lost they have because of the Sandstorm deal .(lost 800.for each oz on 20% of the production).
So they make a profit of 3.9 million(cdn)
wich i have calculated about the same.(between 3.2 and 3.5)
but they cancelled this revenue by the mean of amortisation or depreciation .
For the Q2 (oct to dec)
The average sell price is more around 1200. us rather than 1300. US
They have made around 3 million cdn with a cash cost of 950.us
If they don't use depreciation to cancell this profit.
They will show 3 millons (canadian) net earnings
Does it seem realistic????????????