Maxim Power Corp T.MXG

earnings for first 882 hours of 2024

[Hanalyst727]

Jan 1 until 6 PM Feb 6

Assuming:
-C$ 2/GJ natural gas
-heat rate of 8.1 MMBtu/MWhr
-avg operating rate: 250 MWhr
- avg pool price $153/MWhr

My spreadsheet shows we've earned about C$ 23 MM before finance and tax expenses. Annualized this works to C$ 225 MM, or about 75% of the diluted market cap.

At this rate MXG could likely build a new plant debt-free out of cash flow.

[tinkvid]

Good analysis. Looking back at Q1 2023 could give us an idea but we will certainly find out early March.

[DeepDiscount]

You may want to factor in down time for M2 during the 5-6 day extreme cold snap from approx Jan 10-16.  Additionally a couple more subsequent downtime days.  Refer to the 30 day history below: https://www.dispatcho.app/live/HRM?r=2592000 Very rough, but the potential 884 hours adjusted for downtime is probably closer to 750 hours assuming an average weighted 250 Mwh average