Member Info for dorfan01

Gray 1 Look at last years accounts it does not mention profits.It mentions revenue and earnings.Are you a CA (I am) earnings equals profits after tax .Saying earnings after tax is the same as saying profits after tax.This is my last word on this subject.
What is important is to calculate as I have ,that Jubilee is the cheapest entry into all metals without mining and produces all metals at less than half the cost of mining.It will at some stage enjoy a better PE than mining stocks.
Also where else can you enjoy the spectacular rise in prices of PGM's and copper in the same share. IT IS THE CHEAPEST ENTRY INTO RESOURCES if you want to compare with RIO or BHP .

Billy Boy it is completely wrong to assume an end of the year profit of 50 million pounds.In first half year Jubilee made over 30 million pounds without the increased production of chrome ,PGM's ,copper and cobalt and importantly without the now massive increase of platinum,copper and chrome prices.I would be unhappy if profits in this half year failed to to reach 55 million pounds.Of course tax is the unknown factor.

In South Africa where I am an accountant you would get gross profit take off head office costs,you get to net profit,take off tax you get net profit after tax. Earnings per share is the net profit after tax.You get earnings per share by dividing your net profit after tax by the number of shares making up your share capital.There is no difference between earnings after tax and profit after tax .They are one and the same

EARNINGS IS THE SAME AS PROFITS.YOU ARE CONFUSING EARNINGS WITH REVENUE WHICH IS NOT PROFIT.

Extra Chrome and PGM 's this half year Inyoni May -June 160000 tons Windsor 140000 tons.
Extra Copper and Cobalt 14000 tons ?and with the prices we are now seeing for Copper, Platinum and even Chrome more than 70000 pounds is on the cards.Of course we will have to deduct tax so difficult to calculate accurately.

Not much I estimate profits closer to 90 Million