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AS1 asara resources ltd

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Initiation report, page-4

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22/03/18

10:46

Post #: 31942768
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Originally posted by MineralMaster ↑

This shows some good detail.
am I correct in assuming the 8m oysters they have on hand equates to approximately $5.3m in sales?
(8,000,000/12)=666,666 dozen X $8.04 = $5.3m? Gross Margin of 50% so gross profit approx $2.7m
(See Figure 2)
Also the report shows that they are targeting acquisition of 28-30m spat for CY18. does this equate to the number of oysters or is there an assumed % loss?

if 100% become oysters that's $18.8-$20.1m (Gross profit of $9.4m- $10.05m)

Anyone else getting excited by these numbers.

Expand

Probably need to assume 20% mortality of spats as the company does ,but they also say this is an overestimation.

AS1 Price at posting: 16.5¢ Sentiment: Buy Disclosure: Held
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Last 15.5¢		Change 0.010(6.90%)		Mkt cap ! $290.8M

Open	High	Low	Volume
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AS1 (ASX) Chart

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4DMedical posts FY26 revenue growth as commercial deployment ramps up

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Civmec earnings: Profit climbs as $1.4b order book backs FY27 growth

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Nova Minerals achieves key milestone on path to Alaskan antimony production

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