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  1. Replies
    14
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    7,767

    Flawed model

    Steve,
    Your adapted model makes more sense and seems to yield a good relative comparison. Paired with the total number of ounces it provides a tool for quickly screening MD&As w/o going into...
  2. Replies
    14
    Views
    7,767

    Flawed model

    Steve,
    I do not understand the logic/value of your calculations.
    Lets go back to your example with Hecla:
    2010 Net income 49MillUSD, sales 420MillUSD, Complete cost at 20USD per oz=17.8USD/oz...
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