gold steht nicht mehr bei 400 $.....
Vedron Gold VG TSX-Venture September 30, 2004
§
Market Data Resource and Asset Valuation
§
Share Price (VG TSX-V) CDN$ 0,25 43-101 Measured, Indicated and Inferred
52-week high/low CDN$ 0.68/0.145 Fuller 613.209
Shares Outstanding M 40,52 Buffalo Ankerite 87.765
Market Capitalization M CDN$ 8,10 Davidson Tisdale 152.246
Cash §M CDN$ 0,60 Ramp 0
§Vedron Total Ozs. 853.220
Vedron Highlights
§Resources used for Near Term Production Scenario
* Undervalued Fuller Ph.1 252.565
§- 5% discount NAV 5X share price Fuller Ph.2 0
§- Timmins camp has value at $400 gold Buffalo Ankerite 21.941
§Davidson Tisdale 152.246
Ramp §94.595
* Timmins Camp is Mining Friendly Vedron Total Ozs. for Production 521.347
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§NAV for Near Term Production Scenario
* Management Activity 5% Discount Rate Gold US$/0z. $400
§- Two Active Joint Ventures in Timmins Camp Asset M CDN$ CDN$/share
§- Low Finding Cost Per Oz. Fuller Ph.1 30,96 0,76
§Fuller Ph.2 0,00 0,00
§Buffalo Ankerite 3,48 0,09
* Production Coming Davidson Tisdale 11,36 0,28
§- Cash Flow Generation Ramp 6,86 0,17
§- Senior Partner Validates Economics Cash 0,60 0,01
§- Production Multiple Vedron NAV $53,26 $1,30
§
§Vedron's Leverage to Gold Price Increases
* Leveraged to Gold Price Gold US$/0z. 5% Discount M CDN$ CDN$/share
§- NAV increases 80% for a 25% increase $400 Vedron NAV $53,26 $1,30
§in gold price $412 Vedron NAV $58,48 $1,43
§$450 Vedron NAV $75,01 $1,84
§$500 Vedron NAV $96,77 $2,37
Financial Valuation
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§2004 2005 2006 2007 2008 2009
Gold Price Assumption (US$/ounce) 400 400 400 400 400 400
Production (ounces) 0 0 17.222 50.806 72.334 64.964
Cash Costs (US$/ounce) $0 $0 $223 $226 $238 $242
'000's CDN$ divide by 1000
Production Revenue 0 0 8.832 26.054 37.094 33.315
Operating Costs 0 0 4.914 14.696 22.067 20.133
Depreciation 0 0 415 1.320 2.114 2.166
Exploration 0,0 0,0 0,0 0,0 0,0 0,0
G&A 0,0 0,0 0,0 0,0 0,0 0,0
Operating Margin (%) na na 40% 39% 35% 33%
Production Earnings 0 0 3.503 10.038 12.914 11.016
Cash Flow before Capital Expenses 0 0 3.918 11.358 15.027 13.182
EPS §$0,00 $0,00 $0,09 $0,25 $0,32 $0,27
CFPS §$0,00 $0,00 $0,10 $0,28 $0,37 $0,33
'000's CDN$
Capital Expenditures 0 3.000 4.600 3.450 2.250 1.250
somit können wir langsam wieder starten in CANADA findet ja kaum mehr umsatz statt,
da verkaufen nur unwissende kleinzocker
TIPP zum kommenden FR 0,60 €
Rechtschrei bfehler dienen der Belustigung des Lesers