tech/a
No Ordinary Duck
- Joined
- 14 October 2004
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Warren Buffet II said:Well, I do not see where your numbers are coming form either. I'll give you some of my points, I'll give you the reference so you don't say I am making it up:
- Zinifex costs were 3% higher than forecast in first half year due to higher oil and other commodity prices affecting inputs. (Oil still going up) (Zinifex website, half year results)
- FY05 Second Half Forecast Assumptions (A$/t) Zinc 1,570 Lead 1150. (It is not $1400 per tonne, please recheck your numbers) (Zinifex website, half year results)
- I do not think it is a tiny part, this is how the mine work
"Ore is fed from a stockpile to the grinding circuit by conveyor, where it is ground by a SAG mill and a ball mill operating in series. Ore then passes to the flotation circuit where lead and zinc concentrates are produced."
That basically means that no zinc was produced in the last 11.5 days.
- So, some numbers:
This mine produces 500000 tonnes/year
Stopped 11.5 = 500000/365 * 11.5 = 15700 tonnes that they stopped producing.
15700 * 1570 (forecast assumption) = 24.6 millons
I would like to see where your numbers are coming from.
Regards,
WBII
chicken said:As I said before your figures dont compute ,as when your average profit per day is around 350k....how can you come up with these redicoulous figures..as I said you would not like to ,because. what you posted does not compute...think...you might get a supprise...I say ,their loss is around $4 million..because you work it out ,use your calculator...because thats the only way you would get your figures...because ,the company will advise so you assume, well we will see what comes out but your no...dont compute... post facts not fiction...and the finacial times has been wrong many a times...
chicken said:NOW, who cares...the shareprice is going in the right direction...UBD..value the stock at $3.10...and have a target price of $3.73...and who are you to argue with them..ZILCH...because they say and advise..I was right the shareprice was manipulated down by the brokers...suddenly...recomendation by UBD...from NEUTRAL...to buy...to argue with you over nothing..well everyone is buying..not shorting..go and short it you loose your money..see it go to $3.73...and I was told they are looking at a shareprice of $4++++...so you can post as much as you like because I thought there was something odd about the situation...now see it go past $4..in the next 6 months..ZINC stockpile is reducing drastically....so..who will laugh last me..because their forecast is on the low side...its not what I say...but the advisers...you are just negative..do you ever make a $..with you attitude also when you read their article they say the loss was OVERDONE...the company has NO debt..making good $$$ and you are telling us the opposite..get of the grass..in fact watch people getting into this stock...they be climing over each other soon...watch and see
chicken said:can anyone post what a cost or expense is ,so Warren Buffett...who does not seem to understand that its a cost not a loss to profits..I think he still does not understand how it works...it all comes under operating cost NOT profit..Profit is the end result...any accountants on this board please post so he will understand the full impact of the situation...I have run businesses so I know he got the wrong end of the stick...annyone
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