Post by
Spikearoo1 on Feb 10, 2018 12:02pm
Thoughts on future profits
Thought I would share my simple math around possible future profits when TSN get full CM and T to full production...this could be achieved by end of 2018 based on how mgmt has performed so far.
CM is to get up to 2500 TPD and T is projected to get to 550 TPD.
that 3050 TPD translates into 671,000 in annual production assuming 220 working days.
If u consider that the company sold 3500 in bulk sample tons in 2017 that generated 1.47 mill in revenue.
So here are the numbers...
671,000 / 3500 = 191.714 in saleable materials. Multiple this by $1.4 million = $268.4 million in annual revenue.
lets suppose that their profit margins are 30% even though it could be closer to 36% that translates into $80.52 million profit. At 20% profit that's $53.68 million.
They have 140 million fully diluted shares. Per shares amounts are $0.57 to $.38 cents per share.
This thing is currently trading at $0.74 cents per share or a mkt cap of $103 million.
I see lots of mining juniors trading at market caps 4 to 10 x this and have bunk us in earnings, revenue let alone even in actual production.
Am I crazy or is this thing under valued?
Comment by
junior_miner on Feb 10, 2018 5:16pm
Not entirely crazy, but foolish to assume bulk sample grades are representative.