DYNARESOURCE INC - FORM 8-K - EX-99.2 - JANUARY 16, 2015 PILOT PRODUCTION PROFORMA - May 6, 2015

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8-K - DYNA RESOURCE, INC. - DYNARESOURCE INCdynr8k5515.htm
EX-99.1 - DECEMBER 3, 2014 OPERATIONAL STATUS REPORT - DYNARESOURCE INCex99one.htm

Exhibit 99.2

 

Mineras de DynaResource

San Jose de Gracia Project

Pilot Production Proforma Cash Flow (2015-2023)

January 16, 2015

 

 

 

  Year 1 Year 2   Year 3 Year 4   Year 5 Year 6 Year 7 Year 8   TOTALS
ASSUMPTIONS                        
Production Rate 150 TONNES/DAY   250 TONNES/DAY   500 TONNES/DAY    
Work Days 300 300   300 300   300 300 300 300    
Tonnes Per Year 35,625 45,000   75,000 75,000   150,000 150,000 150,000 150,000   830,625
                         
                         
Mining Cost per tonne (including fuel) 38 38   38 38   38 38 38 38    
Milling Cost per tonne (including fuel) 23 23   23 23   23 23 23 23    
                         
Operating Costs per tonne 172 113   112 112   112 112 112 112    
Operating Costs per ounce 575 290   288 288   286 286 286 286    
Total Costs per ounce 748 403   400 400   398 398 398 398    
                         
Gold Price (Market) 1,200 1,200   1,200 1,200   1,200 1,200 1,200 1,200    
Less Buyer Discount (7.5%) (90) (90)   (90) (90)   (90) (90) (90) (90)    
Net Gold Price 1,110 1,110   1,110 1,110   1,110 1,110 1,110 1,110    
                         
Gold Recovery (%) 80 90   90 90   90 90 90 90    
                         
Mill Grade (grams per tonne) 12 15   15 15   15 15 15 15    
Ounces to Mill 16,276 21,701   36,169 36,169   72,338 72,338 72,338 72,338    
Recovery Ounces 14,106 19,531   32,552 32,552   65,104 65,104 65,104 65,104    
Treatment Costs/Refining Costs/Penalties (10%) (1,411) (1,953)   (3,255) (3,255)   (6,510) (6,510) (6,510) (6,510)    
Net Gold Ounces Recovered (From Smelter) 12,695 17,578   29,297 29,297   58,594 58,594 58,594 58,594   323,242
                         
GROSS REVENUES (net gold ounces * net gold price) 14,091,797 19,511,719   32,519,531 32,519,531   65,039,063 65,039,063 65,039,063 65,039,063   358,798,828
                         
OPERATING EXPENSES:                        
Mining Development via Contract (Stock Ramp and Other) 1,080,000 -   - -   - - - -    
Mining Costs (cost per tonne * tonnes per month) 1,353,750 1,810,000   2,950,000 2,950,000   5,800,000 5,800,000 5,800,000 5,800,000    
Milling Costs (cost per tonne * tonnes per month) 819,375 1,035,000   1,725,000 1,725,000   3,450,000 3,450,000 3,450,000 3,450,000    
Personnel (Mill and Mine Operations) 1,650,000 1,650,000   2,739,000 2,739,000   5,478,000 5,478,000 5,478,000 5,478,000    
Other overhead (no personnel) 240,000 240,000   420,000 420,000   840,000 840,000 840,000 840,000    
Management Fees 360,000 360,000   600,000 600,000   1,200,000 1,200,000 1,200,000 1,200,000    
TOTAL OPERATING COSTS 5,503,125 5,095,000   8,434,000 8,434,000   16,768,000 16,768,000 16,768,000 16,768,000   94,538,125
                         
NET OPERATING INCOME (LOSS) 8,588,672 14,416,719   24,085,531 24,085,531   48,271,063 48,271,063 48,271,063 48,271,063   264,260,703
                         
CORPORATE OVERHEAD:                        
Mine Concessions Taxes 640,000 470,000   470,000 470,000   470,000 470,000 470,000 470,000    
Ejito Rental (Annual Payment) 100,000 100,000   100,000 100,000   100,000 100,000 100,000 100,000    
San Jose de Gracia Community Development & Support 340,000 120,000   120,000 120,000   120,000 120,000 120,000 120,000    
Corporate--Salaries and Wages and Benefits 960,000 960,000   1,593,600 1,593,600   1,987,200 1,987,200 1,987,200 1,987,200    
Corporate--Legal and Professional 600,000 600,000   900,000 900,000   1,200,000 1,200,000 1,200,000 1,200,000    
Corporate--Other 180,000 180,000   300,000 300,000   600,000 600,000 600,000 600,000    
Management Fee Offset (360,000) (360,000)   (600,000) (600,000)   (1,200,000) (1,200,000) (1,200,000) (1,200,000)    
TOTAL CORPORATE OVERHEAD 2,460,000 2,070,000   2,883,600 2,883,600   3,277,200 3,277,200 3,277,200 3,277,200   23,406,000
                         
TOTAL ALL EXPENSES (OPERATING AND CORPORATE) 7,963,125 7,165,000   11,317,600 11,317,600   20,045,200 20,045,200 20,045,200 20,045,200   117,944,125
                         
NET INCOME (LOSS) 6,128,672 12,346,719   21,201,931 21,201,931   44,993,863 44,993,863 44,993,863 44,993,863   240,854,703
                         
CASH FLOWS:                        
Beginning Cash Balance 250,000 7,902,695   19,449,413 23,767,360   44,169,291 60,653,193 104,847,055 149,040,917    
Initial Capital Infusion (12.5 % Equity Acquisition) 6,250,000 -   - -   - - - -    
Capital Improvements from Cash Flow - -   (15,000,000) -   (25,000,000) - - -    
Sales Receipts--gold sales--1 month delay 12,465,820 19,511,718   31,435,547 32,519,531   62,329,101 65,039,062 65,039,062 65,039,062    
Capital Improvements--Mine (150,000) (400,000)   (400,000) (400,000)   (400,000) (400,000) (400,000) (400,000)    
Capital Improvements--Mill (50,000) (400,000)   (400,000) (400,000)   (400,000) (400,000) (400,000) (400,000)    
Capital Costs--Equipment (2,900,000) -   - -   - - - -    
Stock Ramp and Mining Contract Development (1,080,000) -   - -   - - - -    
Expenses (Operating and Other, less Stock Ramp and Mining Contr) (6,883,125) (7,165,000)   (11,317,600) (11,317,600)   (20,045,200) (20,045,200) (20,045,200) (20,045,200)    
                         
ENDING CASH BALANCE 7,902,695 19,449,413   23,767,360 44,169,291   60,653,193 104,847,055 149,040,917 193,234,780   $    193,234,780
ACCOUNTS RECEIVABLE 1,625,977 1,625,977   2,709,961 2,709,961   5,419,922 5,419,922 5,419,922 5,419,922   $        5,419,922
TOTAL CASH AND RECEIVABLES 9,528,671 21,075,390   26,477,321 46,879,252   66,073,115 110,266,977 154,460,839 198,654,702   $    198,654,702
EPS (Earnings per Share) (16.5M shares) 0.58 1.28   1.60 2.84   4.00 6.68 9.36 12.04   $                12.04
NPV (Net Present Value)(8% discount rate) $115,414,146                     $    115,414,146
Project IRR (Internal Rate of Return) 190%                     190%
                         

 

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