Generating Cash Flow from Toll Milling and Small Scale Mining
PARA-PPT-Nov-5-2015_Final
PARA-PPT-Nov-5-2015_Final
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Angelim Property – Proforma <strong>Cash</strong> <strong>Flow</strong>*<br />
Historical – Previously Reported – Non 43-101<br />
DESCRIPTION<br />
UNID<br />
YEAR YEAR YEAR YEAR YEAR YEAR YEAR YEAR TOTAL<br />
-1 1 2 3 4 5 6 7<br />
GROSS INCOME US$ 10.752.412 10.752.412 10.535.531 6.314.140 6.314.140 6.314.140 6.314.140 57.296.913<br />
STATE TAX (PIS,COFINS,ICMS) US$ -1.854.791 -1.854.791 -1.817.379 -1.089.189 -1.089.189 -1.089.189 -1.089.189 -9.883.718<br />
GROSS INCOME TO CALCULATE CFEM US$ 8.897.621 8.897.621 8.718.152 5.224.951 5.224.951 5.224.951 5.224.951 47.413.196<br />
CFEM (FINANCIAL COMPENSATION FOR MNERAL EXTRACTION) US$ -88.976 -88.976 -87.182 -52.250 -52.250 -52.250 -52.250 -474.132<br />
COSTS US$ -1.707.740 -1.956.740 -1.675.238 -1.349.922 -779.522 -779.522 -779.522 -9.028.203<br />
GROSS PROFIT US$ 7.100.905 6.851.905 6.955.732 3.822.780 4.393.180 4.393.180 4.393.180 37.910.860<br />
DEPRECIATION US$ -605.620 -605.620 -605.620 -605.620 -605.620 -605.620 -605.620 -4.239.338<br />
GROSS PROFIT (-DEPRECIATION) US$ 6.495.285 6.246.285 6.350.113 3.217.160 3.787.560 3.787.560 3.787.560 33.671.522<br />
INCOME TAX (IR) US$ -2.688.103 -2.688.103 -2.633.883 -1.578.535 -1.578.535 -1.578.535 -1.578.535 -14.324.228<br />
CSLL (COMPENSATION OVER NET INCOME) US$ -967.717 -967.717 -948.198 -568.273 -568.273 -568.273 -568.273 -5.156.722<br />
NET PROFIT US$ 2.839.465 2.590.465 2.768.032 1.070.352 1.640.752 1.640.752 1.640.752 14.190.572<br />
CAPEX US$ -3.237.838 -189.000 -105.000 -105.000 -52.500 0 -275.000 -275.000 -4.239.338<br />
CASH FLOW US$ -3.237.838 3.256.085 3.091.085 3.268.652 1.623.472 2.246.372 1.971.372 1.971.372 14.190.572<br />
CUMULATIVE CASH FLOW US$ -3.237.838 18.247 3.109.332 6.377.984 8.001.456 10.247.828 12.219.200 14.190.572<br />
NPV (10,0%) US$ 8.509.753<br />
NPV (10,0%) R$ 24.678.285<br />
IRR 93%<br />
*Angra Metals Mineraco Ltda.DNPM Exploration Final Report Process Number 851.047/2005<br />
A Qualified Person has not done sufficient work to confirm or validate this cash flow.<br />
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