RE:Projected Q4 EPS = $0.86 Shermandrock1 wrote: EOM
Where'd you pull that number out of? I'll be polite and ask, your hat? The avg gold price for the 4th Qtr was about $1880/oz. Due to the fact they mined substantially more oz than the previous Qtr (360,000) their AISC probably dropped to about $800/oz! So, their margin was about $1080/oz before taxes and their gross income was approximately 360K*$1080 = $388.8 million! Take away about 30% for taxes ($116.7 million)! $388.8 - $116.7 = $272.1 million! After their share buy backs of about 18 million shares from the outstanding; their share count was about 269 million! Their EPS will be over a buck (272.1/269)!
Don't be lazy! Don't just throw out a number without anything to back it up!