Forum Archive Index - November 2000

[Derek <dkw@paradise.net.nz>]

Further to my mention of OTR, I've gathered together some information from
the news. The quoted text is verbatim, the rest is mine.

"Otter equity gold sales averaged NZ$679 per ounce (A$521 per ounce), while
average cash operating costs were NZ$537 per ounce (A$412 per ounce)."

This represents a NZ$142 an ounce margin.

About 120,000 ounces will be produced this year

So they have about a $17 m margin

Number of shares = 83 m 

Operating margin per share = 20 c

"Otter has invested over NZ$150m in the past 6 years in the development of
the Tanami and Beaconsfield Mines and the major expansion of the Martha
Mine. This includes more than NZ$72m in the last 2 years alone"

Investment in the last 6 years = $1.80 per share 
(=4.5 times current share price)

Derek

(own OTR)


----------------------------------------------------------------------------
http://www.sharechat.co.nz/          New Zealand's home for market investors
http://www.netbroker.co.nz/        Trade on Credit, Low Brokerage. Join now.
----------------------------------------------------------------------------
To remove yourself from this list, please use the form at
http://www.sharechat.co.nz/forum.shtml.