Last quarter I had a pretty good idea what AG was able to sell silver at based on 3 companies that reported before them. One of which was Endeavor which sold at an average price of $29.38 in the 1st quarter.
I'll speculate on 1st q earnings as 2.8 million oz silver equivalent and silver price @29.5.
This yields revs at $75 million. Then net income as % of revs is assumed at 35%.
So 1st q earnings at $0.26 per share basic but not final.
Now it's also known that the $11.6 million paid out to AG by Orko in 1st q = $0.10 per share.
However, I'll assume that their Orko input expense will drop the $0.10 to $0.06.
I'll make another assumption that another $0.03 was used in the share buy back already announced
along with cash on hand ($110 million).
Therefore, my final best guess for 1st q 2013 will be $0.26+$0.03
= $0.29 per share.