GDO 0.00% 30.0¢ gold one international limited

300% growth in sp for 2011

  1. 2,557 Posts.
    Based of 2011 producation and cost we could expect GDO cracking NPAT ofatleast 58 million for 2011

    The continued build up in production levels at Modder East during the September and December quarters of 2010 has provided the company with a solid foundation to achieve its 2011 production guidance of 120,000 ounces at average cash costs of US$ 417/oz

    as outlined below:
    March 2011 quarter 25,000 ounces
    June 2011 quarter 28,000 ounces
    September 2011 quarter 34,000 ounces
    December 2011 quarter 33,000 ounces
    Back of envelope calculation
    Production 120000 ounces
    Average 2011 POG $ 1350 oz
    Average 2011 cash cost $ 417 oz
    Average 2011 capital and other cost $ 450
    Total cost 2011 $867
    Net margin ($1350 less ($417+$450) ) = $483 oz
    120000 *( $483) = $58 Million Approx Net profit
    Total Shares on Issue: 806.8 Million
    EPS .072 Cents
    PE of 15 however gold producer PE on ASX is around 25
    Equates SP of $ 1.08
 
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