JMS jupiter mines limited.
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IPO - Jupiter Mines Limited, page-135

  1. Alfacomp
    13 Posts.
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    19/04/18
    14:26
    Post #: 32559085
    I am having trouble getting my head around the production and sales figures

    From https://www.jupitermines.com/cproot/791/3/20180417 Jupiter to List on ASX and Tshipi Results.pdf I get

    Sales 3.34 Million Tonnes (presumably 37% Manganese ore)

    Price quoted 4.74 USD/dry metric tonne ( metal bulletin confirms this is the right order of value - https://do not advertise external s...ore-prices-keep-surging-on-buying-flurry.html )

    I make that as 15.8 Million USD, yet sales revenue is quoted as 7,334 Million ZAR. 1 USD = 11.92 ZAR at present so that works out at sales revenue of 615 Million USD

    Can someone point out where I have mislaid a factor of 38.9 ?
    JMS Price at posting: 42.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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