Coal reserves

Detailed exploration drilling

Fee exploration consultant
Land
Building
Equipments
Stripping ratio
Stripping cost
Drilling cost
Blasting cost
Loading cost
Hauling cost
Transportation cost
Price
Excalation price
Employees
TM salary
MM salary
LM salary
Operator
Marketing expense
G&A expense
Overhead cost
Equity
Long-term debt
Interest rate

14,500,000
112,000
780
134,000
4,756
3,000,000
7.1
0.32
0.57
0.46
0.17
0.15
0.23
56
3%
60
2,500
1,300
600
350
5%
3%
500
60%
40%
6.75%

1,300,614
13.50%

Years

Exploration

Coal
Overburden
Total material movement
Price
Cash Inflow
Revenue
R/E
Total Cash Inflow
Cash Outflow
Capital expenditure
- Exploration drilling
- Exploration fee
- Land
- Building

50%

112,000
780
134,000
4,756

- Equipments
Total capital expenditure
Cost
- Stripping cost
- Drilling cost
- Blasting cost
- Loading cost
- Hauling cost
- Transportation cost
- Overhead cost
Total Cost
Expense
- Marketing expense
- G&A expense
- TM salary
- MM salary
- LM salary
- Operator salary
Total expense
Dividen
Total cash outflow
Earnings before int & tax
Principal
Interest
Depreciation
Salvage value
Depletion
Taxable income
Tax
Royalty
Earnings after tax
Depreciation
Depletion
Net cashflow
Discount rate
Net discounted cashflow
Net cumulative disc. Cashflow

3,000,000
3,251,536

10%
20%
30%
40%

6
12
18
24

50%

27%
13.5%

(3,251,536)
1.000
(3,251,536)
(3,251,536)

New Long-term debt

Share ($)
Diversification
Renewal Fixed Asset

10
10%

50,000

2,800,000
500,000
330,000
2,970,000

Renewal Fixed Asset

Salvage
Diversification

3,004,756
295,244
29,524

10%

1,208,333
8,579,167
9,787,500

1,208,333
8,579,167
9,787,500

1,208,333
8,579,167
9,787,500

1,208,333
8,579,167
9,787,500

1,208,333
8,579,167
9,787,500

56

56

56

58

59

67,666,667

67,666,667
12,421,783
80,088,450

67,666,667
12,467,729
80,134,396

69,696,667
12,475,191
82,171,858

71,787,567
13,026,186
84,813,753

Cash Flow

67,666,667

4,756

3,000,000

3,132,000
5,578,875
4,502,250
1,663,875
1,468,125
277,917
6,000
16,629,042

3,132,000
5,578,875
4,502,250
1,663,875
1,468,125
277,917
6,000
16,629,042

3,132,000
5,578,875
4,502,250
1,663,875
1,468,125
277,917
6,000
16,629,042

3,132,000
5,578,875
4,502,250
1,663,875
1,468,125
277,917
6,000
16,629,042

3,132,000
5,578,875
4,502,250
1,663,875
1,468,125
277,917
6,000
16,629,042

831,452
498,871
15,000
15,600
10,800
8,400
1,380,123

831,452
498,871
15,000
15,600
10,800
8,400
1,380,123
12,421,783
30,430,948

831,452
498,871
15,000
15,600
10,800
8,400
1,380,123
12,467,729
30,476,894

831,452
498,871
15,000
15,600
10,800
8,400
1,380,123
12,475,191
30,484,356

831,452
498,871
15,000
15,600
10,800
8,400
1,380,123
13,026,186
31,035,351

175,583
600,951

49,657,502
185,802
175,583
600,951

49,657,502
185,802
150,500
600,951

51,687,502
185,802
125,416
600,951

53,778,402
185,802
100,333
600,951

6,573,274
42,307,693
11,423,077
5,711,539
25,173,077
600,951
6,573,274
32,347,303

6,590,434
42,104,731
11,368,277
5,684,139
25,052,315
600,951
6,590,434
32,243,701

6,590,434
42,129,814
11,375,050
5,687,525
25,067,240
600,951
6,590,434
32,258,625

6,793,434
43,981,898
11,875,112
5,937,556
26,169,229
600,951
6,793,434
33,563,615

7,002,524
45,888,791
12,389,974
6,194,987
27,303,831
600,951
7,002,524
34,907,306

0.881
28,499,826
25,248,290

0.776
25,029,557

0.684
22,062,680

0.603
20,224,849

0.531
18,532,629

18,009,165
49,657,502

10

1,208,333
8,579,167
9,787,500

1,208,333
8,579,167
9,787,500

1,208,333
8,579,167
9,787,500

1,208,333
8,579,167
9,787,500

1,208,333
8,579,167
9,787,500

61

63

65

67

69

73,941,194
13,593,487
87,534,681

76,159,429
14,065,128
90,224,557

78,444,212
14,575,318
93,019,530

80,797,539
15,325,017
96,122,556

83,221,465
16,047,300
99,268,765

4,756

3,000,000

3,132,000
5,578,875
4,502,250
1,663,875
1,468,125
277,917
6,000
16,629,042

3,132,000
5,578,875
4,502,250
1,663,875
1,468,125
277,917
6,000
16,629,042

3,132,000
5,578,875
4,502,250
1,663,875
1,468,125
277,917
6,000
16,629,042

3,132,000
5,578,875
4,502,250
1,663,875
1,468,125
277,917
6,000
16,629,042

3,132,000
5,578,875
4,502,250
1,663,875
1,468,125
277,917
6,000
16,629,042

831,452
498,871
15,000
15,600
10,800
8,400
1,380,123
13,593,487
31,602,652

831,452
498,871
15,000
15,600
10,800
8,400
1,380,123
14,065,128
32,074,293

831,452
498,871
15,000
15,600
10,800
8,400
1,380,123
14,575,318
32,584,483

831,452
498,871
15,000
15,600
10,800
8,400
1,380,123
15,325,017
33,334,182

831,452
498,871
15,000
15,600
10,800
8,400
1,380,123
16,047,300
34,056,465

55,932,029
585,802
453,250
600,951

58,150,264
585,802
374,167
961,522

60,435,047
585,802
295,083
576,913

62,788,374
400,000
216,000
346,148

65,212,300
400,000
162,000
346,148

7,217,887
47,074,139
12,710,017
6,355,009
28,009,112
600,951
7,217,887
35,827,951

7,439,711
48,789,063
13,173,047
6,586,524
29,029,493
961,522
7,439,711
37,430,725

7,668,189
51,309,060
13,853,446
6,926,723
30,528,891
576,913
7,668,189
38,773,993

7,903,522
53,922,704
14,559,130
7,279,565
32,084,009
346,148
7,903,522
40,333,678

8,145,914
56,158,238
15,162,724
7,581,362
33,414,152
346,148
8,145,914
41,906,214

0.468
16,758,950

0.412
15,426,138

0.363
14,079,059

0.320
12,903,427

0.282
11,811,901

11

12

1,208,333
8,579,167
9,787,500

1,208,333
8,579,167
9,787,500

71

73

85,718,109
16,712,371
102,430,480

88,289,652
17,372,598
105,662,250

3,132,000
5,578,875
4,502,250
1,663,875
1,468,125
277,917
6,000
16,629,042

3,132,000
5,578,875
4,502,250
1,663,875
1,468,125
277,917
6,000
16,629,042

831,452
498,871
15,000
15,600
10,800
8,400
1,380,123
16,712,371
34,721,536

831,452
498,871
15,000
15,600
10,800
8,400
1,380,123
17,372,598
35,381,763

67,708,944
400,000
108,000
600,951
173,074
8,395,579
58,204,414
15,715,192
7,857,596
34,631,626
600,951
8,395,579
43,628,156

70,280,487
400,000
54,000
961,522
1,442,283
8,652,733
60,212,232
16,257,303
8,128,651
35,826,278
961,522
8,652,733
45,440,533
315,573

0.248
10,834,588

0.219
9,942,442

New Long-term debt

2,800,000

1,120,000

Years
Principal
Interest
Principal
Interest

Exploration

Net Profit

175,583

(3,251,536)

24,843,566

Years

Exploration

Cash Flow
Other cost
Marketable security

(3,251,536)

32,347,303

(3,251,536)

3,805
2,400,000
34,751,108

Years
AP
Tax
Interest
Total

Exploration

Years

Exploration

0
0

0
0

0
11,598,660

Building
Equipment
Total

11,423,077
175,583
11,598,660

Share
New Long Term Dept
R/E
Dividen
Total
Total L+E

185,802
175,583

185,802
150,500

185,802
125,416

185,802
100,333

24,935,458

24,950,383

26,052,372

27,186,974

Balance Sheet

32,243,701

32,258,625

33,563,615

Asset
5
Current
34,907,306

951
600,000
34,164,566

Fixed
0
0
34,907,306

2,854
1,800,000
34,046,554

1,902
1,200,000
33,460,528

11,368,277
175,583
11,543,860

11,375,050
150,500
11,525,550

11,875,112
125,416
12,000,529

12,421,783
12,421,783
24,843,566
36,387,427

12,467,729
12,467,729
24,935,458
36,461,008

12,475,191
12,475,191
24,950,383
36,950,912

Liability
5
12,389,974
100,333
12,490,307
Equity
5
Direct Investment

R/E
13,026,186
13,026,186
26,052,372
38,542,679

heet

6
400,000
378,000
185,802
75,250

7
400,000
324,000
185,802
50,167

8
400,000
270,000
185,802
25,083

9
400,000
216,000

28,130,256

29,150,636

30,650,034

32,094,600

35,827,951
295,244
330,000

37,430,725

38,773,993

40,333,678

3,805
2,400,000
38,856,999

2,854
1,800,000
39,233,579

1,902
1,200,000
39,975,895

951
600,000
40,934,630

6
12,710,017
453,250
13,163,267

7
1,001,585
13,173,047
374,167
14,548,799

8
1,001,585
13,853,446
295,083
15,150,115

9
1,001,585
14,559,130
216,000
15,776,715

14,065,128
14,065,128
28,130,256
42,679,055

14,575,318
14,575,318
29,150,636
44,300,751

15,325,017
15,325,017
30,650,034
46,426,749

tment
500,000
2,800,000
13,593,487
13,593,487
30,486,974
43,650,241

10
400,000
162,000

11
400,000
108,000

12
400,000
54,000

33,424,743

34,745,196

36,695,028

10

11

12

41,906,214

43,628,156

45,440,533

0
0
41,906,214

3,805
2,400,000
46,031,961

2,854
1,800,000
47,243,387

10

11

12

15,162,724
162,000
15,324,724

15,715,192
108,000
15,823,192

16,257,303
54,000
16,311,303

10

11

12

16,047,300
16,047,300
32,094,600
47,419,324

16,712,371
16,712,371
33,424,743
49,247,934

17,372,598
17,372,598
34,745,196
51,056,499