View Presentation - Dia Bras Exploration

Dia Bras – Operating Performance
2007 2008 2009E 2010E
CA$ CA$ CA$ CA$
Sales 24,056,537 21,306,788 11,779,246 21,825,155
Sales expenses and ore transportation 9,160,863 7,092,672 3,473,647 1,845,011
Operating expenses Bolivar 9,011,119 8,745,062 4,157,963 7,393,266
Operating expenses Cusi 4,956,348 2,463,196 979,108 3,916,433
Administration expenses and others 5,613,356 5,068,334 2,575,432 2,220,200
Total cost 28,741,685 23,369,263 11,186,181 15,374,909
Cash flow from operating activities (4,685,148) (2,062,475) 593,064 6,450,246
Exploration Bolivar & Cusi (5,948,050) (5,183,496) (2,031,483) (2,220,200)
Property payments (1,408,958) (851,791) (1,509,736) (888,080)
Operation-Capex (6,570,456) (995,385) (356,166) _
MRI settlements and debts 1,319,695 (1,987,358) (4,449,281) (1,998,180)
Use of proceeds (12,607,768) (9,018,210) (8,346,666) (5,106,460)
Bolivar Mill _ _ (7,215,650) _
Cyanidation plant _ _ (1,665,150) _
Equity Completed 1,488,813 2,044,000 3,809,205 _
Equity Required _ _ 10,083,250 _
Debt _ 2,012,000 2,775,250 _
Net Cash flow (15,804,103) (7,024,486) 33,303 1,343,786
Cash flow from operating activities excludes changes in non-cash working capital items
Non-GAAP Measure. Cash operating cost is calculated using tonnes processed
Price assumptions: 2009 (US$: Zn $0.65/lb, Cu 2.00/lb, Ag 12.00/oz), 2010 (US$: Zn $0.70/lb, Cu $2.00, Ag 12.00/oz)
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