OTCPK:MEAOD - Post by User
Post by
fruitvale3067on May 01, 2018 7:42pm
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Post# 27967398
Quarterly numbers...lets do some math
Quarterly numbers...lets do some mathOk folks lets provide some figures that were left out of the news release. Lets calculate the AISC for the quarter ending 12/31/2017.
Gross sales = $9,456,192 (Ca)
Ounces produced: 6358
Conpany Profit/loss: $3.500.000 (Ca)
9,456,192 / 6358 = $1,487.29 (Ca)
3,500,000 / 6358 = $550.48 (Ca)
1487.29 = 550.48 = 2037.77 (Ca) or $1603.12 (US)
AISC= $2037.77 (Ca)
$1603.12 (US)
This company lost $550.48 canadian dollars on each ounce they produced.
It would have been worse but they got a one time credit of 1.5 million due to the new streaming deal.