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

8,100,000
95,000
750
125,000
4,850
3,000,000
7.0
0.30
0.55
0.35
0.25
0.15
0.25
55
3%
101
30,000
15,600
7,200
4,200
5%
3%
500
60%
40%
6.75%

Income Statement
Exploration
Production Scheduling
Coal
Overburden
Total material movement
Price
Sales
Revenue
Gross Revenue
Expense
- Marketing expense
- G&A expense
- TM salary
- MM salary
- LM salary

- Operator salary
Total Expense
Gross Income from Mining
Operating Cost
- Stripping cost
- Drilling cost
- Blasting cost
- Loading cost
- Hauling cost
- Transportation cost
- Overhead cost
Total Operating Cost
Capital Expenditure
- Exploration drilling
- Exploration fee
- Land
- Building
- Equipments
Total Capital Expenditure

95,000
750

Net Operating Income (EBIT)

Principal
Interest
Depreciation
Salvage value
Net Income before Tax & Depletion (EBT)
Depletion
Pretax Net Income
Tax
Royalty

27%
13.5%

Net Profit
Discount rate
Net discounted cashflow
Net cumulative disc. Cashflow
CF
Net Income before Tax & Depletion (EBT)
Tax
Royalty
EAT

27%
13.5%

Buildings
Equipment
Total
Salvage Value
Buildings
Equipment
Total

Depletion Basis
UDR
Depletion

Percent Depletion
Net Income Depletion
1,290,240
13.50%

10
15
20

810,000
5,670,000
6,480,000

810,000
5,670,000
6,480,000

810,000
5,670,000
6,480,000

55

55

55

44,550,000
44,550,000

44,550,000
44,550,000

44,550,000
44,550,000

528,825
317,295
300,000
234,000
144,000

528,825
317,295
300,000
234,000
144,000

528,825
317,295
300,000
234,000
144,000

56
101

235,200
1,759,320

235,200
1,759,320

235,200
1,759,320

42,790,680

42,790,680

42,790,680

1,944,000
3,564,000
2,268,000
1,620,000
972,000
202,500
6,000
10,576,500

1,944,000
3,564,000
2,268,000
1,620,000
972,000
202,500
6,000
10,576,500

1,944,000
3,564,000
2,268,000
1,620,000
972,000
202,500
6,000
10,576,500

32,214,180
174,182
600,970

32,214,180
184,320
174,182
600,970

32,214,180
184,320
149,299
600,970

31,439,028
4,279,068

31,254,708
4,279,068

31,279,591
4,279,068

27,159,960
7,333,189
6,014,250

26,975,640
7,283,423
6,014,250

27,000,523
7,290,141
6,014,250

-3,225,600

13,812,521

13,677,967

13,696,132

1.00

0.88

0.78

0.68

(3,225,600)

12,169,622

10,617,685

9,367,212

(3,225,600)

8,944,022

19,561,706

28,928,918

(3,225,600)

31,439,028
8,488,537
6,014,250
16,936,240

31,254,708
8,438,771
6,014,250
16,801,687

31,279,591
8,445,490
6,014,250
16,819,851

125,000
4,850
3,000,000
3,225,600

0
4,850
3,000,000
3,004,850

1
970
600,000
600,970

2
970
600,000
600,970

1
95,750
0.012
9,575.00

2
86,175
0.012
9,575.00

1
4,279,068.00
15,719,513.80

2
4,279,068.00
15,627,353.80

810,000
5,670,000
6,480,000

810,000
5,670,000
6,480,000

810,000
5,670,000
6,480,000

810,000
5,670,000
6,480,000

57

58

60

62

45,886,500
45,886,500

47,263,095
47,263,095

48,680,988
48,680,988

50,141,417
50,141,417

528,825
317,295
300,000
234,000
144,000

528,825
317,295
300,000
234,000
144,000

528,825
317,295
300,000
234,000
144,000

528,825
317,295
300,000
234,000
144,000

Salvage Value
11
172,800
273.946
173,074

12
2,283
1,440,000
1,442,283

10%
50%

235,200
1,759,320

235,200
1,759,320

235,200
1,759,320

235,200
1,759,320

44,127,180

45,503,775

46,921,668

48,382,097

1,944,000
3,564,000
2,268,000
1,620,000
972,000
202,500
6,000
10,576,500

1,944,000
3,564,000
2,268,000
1,620,000
972,000
202,500
6,000
10,576,500

1,944,000
3,564,000
2,268,000
1,620,000
972,000
202,500
6,000
10,576,500

1,944,000
3,564,000
2,268,000
1,620,000
972,000
202,500
6,000
10,576,500

4,850
3,000,000
3,004,850
33,550,680
184,320
124,416
600,970

34,927,275
184,320
99,533
600,970

36,345,168
184,320
74,650
901,455

37,805,597
184,320
49,766
631,019

32,640,974
4,412,718

34,042,452
4,550,378

35,184,743
4,692,167

36,940,493
4,838,210

28,228,256
7,621,629
6,194,678

29,492,075
7,962,860
6,380,518

30,492,576
8,232,996
6,571,933

32,102,283
8,667,616
6,769,091

14,411,949

15,148,697

15,687,647

16,665,575

0.60

0.53

0.47

0.41

8,684,389

8,042,591

7,338,084

6,868,300

37,613,307

45,655,898

52,993,981

59,862,282

32,640,974
8,813,063
6,194,678
17,633,234

34,042,452
9,191,462
6,380,518
18,470,472

35,184,743
9,499,881
6,571,933
19,112,929

36,940,493
9,973,933
6,769,091
20,197,468

Depreciation
3
970
600,000
600,970

4
970
600,000
600,970

5
970
600,000
600,970

6
1,455
900,000
901,455

5
57,450
0.012
9,575.00

6
47,875
0.012
9,575.00

6
4,692,166.79
17,592,371.63

Depletion
Cost Of Unit Method
3
76,600
0.012
9,575.00

4
67,025
0.012
9,575.00
Statutory Method

3
4,279,068.00
15,639,795.40

4
4,412,718.00
16,320,487.00

5
4,550,377.50
17,021,226.10

10

810,000
5,670,000
6,480,000

810,000
5,670,000
6,480,000

810,000
5,670,000
6,480,000

64

66

68

51,645,660
51,645,660

53,195,030
53,195,030

54,790,881
54,790,881

528,825
317,295
300,000
234,000
144,000

528,825
317,295
300,000
234,000
144,000

528,825
317,295
300,000
234,000
144,000

235,200
1,759,320

235,200
1,759,320

235,200
1,759,320

49,886,340

51,435,710

53,031,561

1,944,000
3,564,000
2,268,000
1,620,000
972,000
202,500
6,000
10,576,500

1,944,000
3,564,000
2,268,000
1,620,000
972,000
202,500
6,000
10,576,500

1,944,000
3,564,000
2,268,000
1,620,000
972,000
202,500
6,000
10,576,500

4,850
3,000,000
3,004,850
39,309,840
184,320
24,883
490,792

40,859,210

38,609,845
4,988,634

40,368,418
5,143,571

41,964,269
5,303,156

0
0

33,621,211
9,077,727
6,972,164

35,224,847
9,510,709
7,181,329

36,661,112
9,898,500
7,396,769

0
0
0

17,571,320

18,532,809

19,365,843

0.36

0.32

0.28

6,380,247

5,928,960

5,458,556

66,242,529

72,171,488

77,630,045

38,609,845
10,424,658
6,972,164
21,213,022

40,368,418
10,899,473
7,181,329
22,287,616

41,964,269
11,330,353
7,396,769
23,237,147

490,792

42,455,061

490,792

7
1,019
630,000
631,019

8
792
490,000
490,792

9
792
490,000
490,792

10
792
490,000
490,792

7
38,300
0.012
9,575.00

8
28,725
0.012
9,575.00

9
19,150
0.012
9,575.00

10
9,575
0.012
9,575.00

7
4,838,209.75
18,470,246.29

8
4,988,634.00
19,304,922.32

9
5,143,570.98
20,184,208.82

10
5,303,156.07
20,982,134.27

0
0
0
0
0

11

12

11
0.00
0.00

12
0.00
0.00

D
Cost O
0
Depletion Basis
UDR
Depletion

1
95,750
0.003
9,575.00

2
86,175
0.003
9,575.00

Percent Depletion

10%

17,875,980.00

Net Income Depletion

50%

67,261,073.80

Exploration

Production Scheduling
Coal

3,330,000

Overburden

23,310,000

Total material movement

26,640,000

Price

55

Sales
Revenue

183,150,000

Gross Revenue

183,150,000

Expense
- Marketing expense

2,173,125

- G&A expense

1,303,875

- TM salary

10

300,000

- MM salary

15

234,000

- LM salary

20

144,000

- Operator salary

56

235,200

101

4,390,200

Total Expense
Gross Income from Mining

178,759,800

Operating Cost
- Stripping cost

7,992,000

- Drilling cost

14,652,000

- Blasting cost

9,324,000

- Loading cost

6,660,000

- Hauling cost

3,996,000

- Transportation cost
- Overhead cost
Total Operating Cost

832,500
6,000
43,462,500

Capital Expenditure
- Exploration drilling
- Exploration fee

95,000
750

- Land

125,000

- Building

4,850

- Equipments

3,000,000

Total Capital Expenditure

3,225,600

0
4,850
3,000,000
3,004,850

Buildings
Equipment
Total

Net Operating Income (EBIT)

1
970
600,000
600,970

135,297,300

Principal
Interest

174,182
600,970

Depreciation
Salvage value
Net Income before Tax & Depletion (EBT)

134,522,148

Depletion

17,875,980

Pretax Net Income

Tax
Royalty
Net Profit

116,646,168
27%

31,494,465

13.50%

24,725,250
-3,225,600

60,426,452

0.88

Net discounted cashflow

-3,225,600

53,239,165

Net cumulative disc. Cashflow

-3,225,600

50,013,565

Discount rate

EBIT
EBT

47,852,700
47,077,548

3
76,600
0.003
9,575.00

Depletion
Cost Of Unit Method
4
5
67,025
57,450
0.003
0.003
9,575.00
9,575.00

6
47,875
0.003
9,575.00

7
38,300
0.003
9,575.00

Statutory Method
2

17,875,980.00

17,875,980.00

18,425,430.00

18,991,363.50

19,574,275.01

67,168,913.80

67,181,355.40

69,941,047.00

72,783,156.10

75,709,912.73

3,330,000

3,330,000

3,330,000

3,330,000

3,330,000

23,310,000

23,310,000

23,310,000

23,310,000

23,310,000

26,640,000

26,640,000

26,640,000

26,640,000

26,640,000

55

55

57

58

60

183,150,000

183,150,000

188,644,500

194,303,835

200,132,950

183,150,000

183,150,000

188,644,500

194,303,835

200,132,950

2,173,125

2,173,125

2,173,125

2,173,125

2,173,125

1,303,875

1,303,875

1,303,875

1,303,875

1,303,875

300,000

300,000

300,000

300,000

300,000

234,000

234,000

234,000

234,000

234,000

144,000

144,000

144,000

144,000

144,000

235,200

235,200

235,200

235,200

235,200

4,390,200

4,390,200

4,390,200

4,390,200

4,390,200

178,759,800

178,759,800

184,254,300

189,913,635

195,742,750

7,992,000

7,992,000

7,992,000

7,992,000

7,992,000

14,652,000

14,652,000

14,652,000

14,652,000

14,652,000

9,324,000

9,324,000

9,324,000

9,324,000

9,324,000

6,660,000

6,660,000

6,660,000

6,660,000

6,660,000

3,996,000

3,996,000

3,996,000

3,996,000

3,996,000

832,500

832,500

832,500

832,500

832,500

6,000

6,000

6,000

6,000

6,000

43,462,500

43,462,500

43,462,500

43,462,500

43,462,500

4,850
3,000,000
3,004,850

2
970
600,000
600,970

Depreciation
3
4
970
970
600,000
600,000
600,970
600,970

5
970
600,000
600,970

6
1,455
900,000
901,455

135,297,300

135,297,300

140,791,800

146,451,135

152,280,250

184,320

184,320

184,320

184,320

184,320

174,182

149,299

124,416

99,533

74,650

600,970

600,970

600,970

600,970

901,455

134,337,828

134,362,711

139,882,094

145,566,312

151,119,825

17,875,980

17,875,980

18,425,430

18,991,364

19,574,275

116,461,848

116,486,731

121,456,664

126,574,949

131,545,550

31,444,699

31,451,417

32,793,299

34,175,236

35,517,299

24,725,250

24,725,250

25,467,008

26,231,018

27,017,948

60,291,899

60,310,063

63,196,357

66,168,695

69,010,304

0.78

0.68

0.6

0.53

0.47

46,802,305

41,247,934

38,081,022

35,129,605

32,280,390

96,815,870

138,063,804

176,144,826

211,274,430

243,554,820

47,852,700
47,077,548

47,852,700
47,102,431

47,852,700
47,127,314

47,852,700
47,152,197

47,852,700
46,876,595

8
28,725
0.003
9,575.00

9
19,150
0.003
9,575.00

10
9,575
0.003
9,575.00

10

20,174,673.86

20,793,084.67

21,430,047.81

22,086,119.85

78,544,566.83

81,841,115.18

85,245,915.11

88,526,275.28

10

3,330,000

3,330,000

3,330,000

3,330,000

23,310,000

23,310,000

23,310,000

23,310,000

26,640,000

26,640,000

26,640,000

26,640,000

62

64

66

68

206,136,939

212,321,047

218,690,678

225,251,398

206,136,939

212,321,047

218,690,678

225,251,398

2,173,125

2,173,125

2,173,125

2,173,125

1,303,875

1,303,875

1,303,875

1,303,875

300,000

300,000

300,000

300,000

234,000

234,000

234,000

234,000

144,000

144,000

144,000

144,000

235,200

235,200

235,200

235,200

4,390,200

4,390,200

4,390,200

4,390,200

201,746,739

207,930,847

214,300,478

220,861,198

7,992,000

7,992,000

7,992,000

7,992,000

14,652,000

14,652,000

14,652,000

14,652,000

9,324,000

9,324,000

9,324,000

9,324,000

6,660,000

6,660,000

6,660,000

6,660,000

3,996,000

3,996,000

3,996,000

3,996,000

832,500

832,500

832,500

832,500

6,000

6,000

6,000

6,000

43,462,500

43,462,500

43,462,500

43,462,500

4,850
3,000,000
3,004,850

7
1,019
630,000
631,019

8
792
490,000
490,792

9
792
490,000
490,792

10
792
490,000
490,792

158,284,239

164,468,347

170,837,978

177,398,698

184,320

184,320

49,766

24,883

631,019

490,792

490,792

490,792

157,419,134

163,768,351

170,347,186

176,907,906

20,174,674

20,793,085

21,430,048

22,086,120

137,244,460

142,975,267

148,917,138

154,821,786

37,056,004

38,603,322

40,207,627

41,801,882

27,828,487

28,663,341

29,523,242

30,408,939

72,359,969

75,708,603

79,186,269

82,610,965

0.41

0.36

0.32

0.28

29,821,353

27,490,228

25,333,029

23,285,152

273,376,173

300,866,401

326,199,431

349,484,583

47,852,700
47,171,915

47,852,700
47,337,025

47,852,700
47,361,908

47,852,700
47,361,908

Year

equipment (USD)

buildings (USD)

SL

600,000

4,850

SL

600,000

4,850

SL

600,000

4,850

SL

600,000

4,850

SL

600,000

4,850

DB

900,000

1,455

DB

630,000

1,019

SL

490,000

792

SL

490,000

792

10

SL

490,000

792