My quick back-of-the-envelope calculation:
Assuming an average sales price of US$8/lb for V2O5 equivalent
Operating Costs without Royalties as per Guidance = US$4.10 to 4.50/lb or an average of US$4.30/lb or ~1.6% higher than the actual US$4.23/lb of Q2-22
Sales Guidance for 2022 = 11,000T to 12,000T
Actual H1 Sales = 5,521T
Expected H2 Sales = 5,479T to 6,479T
Assuming Q3 Sales to be 50% of H2’s = 2,740T to 3,240T (or 6,040,659 lbs to 7,142,969 lbs)
EQ3 Sales = ~US$48.3M to US$57.1M or an average of ~US$52.7M
Actual Q2-22 Net Income before tax = US$22.4M or ~27% of Revenue (US$84.8M)
EQ3 Net Income before tax (assuming a 26% instead of 27% of Revenue) = ~US$12.6M to US$14.8M or an average of ~US13.7M
Actual Q2-22 Net Income = US$17.9M after deducting 19.8% (or US$4.4M) for income tax
EQ3 Net income (assuming a deduction of 19.8% for income tax) = ~US$10M to US$11.87M or an average of ~US11M or an average Earnings per Share (EPS) of US$0.17
DYODD