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[sharechat] OTR

From: Derek <>
Date: Mon, 27 Nov 2000 21:00:07 +1300

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)


(own OTR)

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