KL’s Earnings in Q3/19I am using KL’s forecasted production of 503 – 553 Kozs in H2 2019 and assuming we will hit close to the upper target at 550 Kozs. Increase earnings due to POG
OK, 550,000 oz at an additional $200/oz (POG $1500/oz - $1300/oz) = $110 million
$110,000,000/200,000,000 shares = $0.55/share for H2 2019 or $0.27.5/quarter
$0.275 X 65% (allowing for taxes) = $0.18/share
Again using KL’s forecasted production minus their actual production in H1 2019 we get 547Kozs – 447Kozs = 100,000ozs of additional production.
100Kozs X $1500/oz = $150 million/200 million share = $0.75/share for H2 2019
$0.75/2 = $0.375/share per quarter X 65% (taxes) = $0.24/share
If per share earnings were $0.52 in Q2 2019 and we add $0.18 and $0.24 = $0.94/share.
Say $0.90/share because we have more than 200 million shares.
$0.90/quarter = $3.60/year X PE of 25 = $90 US share price.
YEAH !! TONY !!! GO FOR THE GOLD !!!! THE BEST IS YET TO COME !!