Q: On March 11, in response to Norm's question regarding B2 Gold, you wrote, "BTO's profit margins for 2020 were 35% and its year-over-year revenue growth was 55%. For 2021, its revenue declined by 1.5% and profit margins fell to 24%." I need your help to understand the profit margin numbers. For instance, B2's AISC for 2021 was around $900 while they sold the mined gold for around $1800. Wouldn't the margin then be 100%? What I am missing here?
Also, you wrote, "It has improved on its balance sheet since 2020." The company is debt-free. Is that what you were referring to or something else? Please explain.
You have stated previously that the stock is cheap, and it pays a very healthy dividend. It is about 50 cents lower per share than its March 2020 share price while the price of gold is substantially higher. Do you attribute that to people shying away from the location of B2's mines?
There's a few questions in there.
Thank you as always for your service.
Also, you wrote, "It has improved on its balance sheet since 2020." The company is debt-free. Is that what you were referring to or something else? Please explain.
You have stated previously that the stock is cheap, and it pays a very healthy dividend. It is about 50 cents lower per share than its March 2020 share price while the price of gold is substantially higher. Do you attribute that to people shying away from the location of B2's mines?
There's a few questions in there.
Thank you as always for your service.
