DRA 0.00% 19.5¢ dragon mining limited

Profit & Loss Account - 2021

  1. 8,023 Posts.
    lightbulb Created with Sketch. 604
    Having a go at what might be. Firstly we'll assume that Faboliden is up and running from 1stJan,2021.

    Sweden operations(Faboliden mine/Svartliden processing):
    Revenue from sale of 25,000 ozs @ US$1800 = $A64.3mil
    Less: Cost of Sales-
    Mining cost of $US17/t of ore on 300kt of ore = $A7.3mil
    Processing(inc Transport) of $US37/t as above = $A15.9mil
    Other processing costs = $A2.0mil
    Depreciation & amortisation on 7yr openpit life = $A4.1mil
    TOTAL Cost of Sales = $A29.3mil
    Profit before tax = $A35mil
    Income tax expense(20.6%) = 0(accumulated tax losses at Dec20 of ~$A35mil)
    Profit after tax = $A35mil

    Finland operations(Jokisivu/Cable mines & Vammala processing):
    Revenue from sale of 24,000 ozs @ US$1800 = $A61.7mil
    Less: Refining & Treatment charges(20%) to process concentrate into metal = $A12.4mil
    NET SALES REVENUE = $A49.3mil
    Less: Cost of sales-
    Mining cost of E44/t of ore on 300kt of ore = $A21.6mil
    Processing(Milling) cost of E14/t as above = $A6.9mil
    Other production costs = $A1.3mil
    Depreciation & amortisation on 4yr mine life = $A7.0mil
    TOTAL Cost of Sales = $A36.8mil
    Profit before tax = $A12.5mil
    Income tax expense(20%) = $A2.5mil
    Profit after tax = $A10mil

    SUMMARY
    Sweden NPAT = $A35mil
    Finland NPAT = $A10mil
    Corporate costs = $A(5)mil
    COMPANY NPAT = $A40mil (EPS on 138.8mil shares = 28.8c)

    It might be more realistic to assume Faboliden won't commence until 1Apr21, so the figures would be:
    SUMMARY
    Sweden NPAT = $A25mil(being 75% of $A35mil less operational loss of $A1.25mil Jan to Mar after treating Finland concentrate)
    Finland NPAT = $A10mil
    Corporate costs = $A(5)mil
    COMPANY NPAT = $A30mil (EPS on 138.8mil shares = 21.6c)
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.