Based on its present diluted share count of 302 million shares and comparing it to if RBY should have an equity offering so that it has 400 million shares this gives the potential annual profits at 169,000 oz per year at a variety of gold prices for the life of mine from RBY data.... This assumes all in mining costs of $800/oz and that the share price will be between 15X and 20X the annual EPS. The 400 million shares allows for dilution and additional options to employees which will happen every year...
Price AU, Profit/oz, Profit/yr, 302M shares, 400M shares, 15x-20x EPS for share price
$1200, $400, $67.6M, $0.22, $0.17, $2.55 to $4.40
$1400, $600, $101.4M, $0.33, $0.25, $3.75 to $6.60
$1600, $800, $135.2M, $0.45, $0.34, $5.10 to $9.00
$1800, $1000, $169M, $0.56, $0.42, $6.30 to $11.20
$2000, $1200, $202.8, $0.67, $0.51, $7.65 to 13.40
Speculative data but gives an indication of where RBY should be headed if you knew what the price of gold would do over the next two or three years..... Data also shows that RBY could pay off a loan of $120 million in less than two years even at $1,200/oz gold....
Gmm tanks for bumps today, we need em! Remember, U no village idiot, weasel, stooge, nitwit, dipstick, moron, box of rocks, imbecile, buffoon, bonehead, brain dead or complete & utter fool, U best investor on board!
A thanks to GMM for all of the great bumps! Remember, a mine with lots of potential for expansion or resources both deep and laterally, safe jurisdiction, good management, 40% of Red Lake land…..and who knows if the gods are with us…. a rising price of gold. Thanks again!