Case 11: Southport Minerals‚ Inc. 1. What did Southport Minerals confront in 1964? Did the Firstburg investment opportunity fit well with Southport’s needs in 1970? Southport confronted a period of tightening supplies and rising sulfur prices which lead to a sharp increase in profitability for the company. Profit after tax had jumped from $12.8 million in 1963 to $15.3 million in 1964 increasing its EPS to 1.00 a share while still maintaining a dividend of .60 a share while actually lowering
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Southport Minerals‚ Inc – some points to remember • Financial architecture (financing program) can transform a negative NPV project into a positive NPV project value addition done by financial manager. • Southport Indonesia (SI)‚ a wholly-owned subsidiary of Southport Minerals‚ entrusted with a responsibility of mining the copper ore at Firstburg‚ Indonesia. o Initial experiments established that Firstburg mine contained 33 million tons of copper ore with an average copper content of 2.5%
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Texas Minerals Inc. Audit Memo To: Daniel Alfredsson Date: Monday August31‚ 2013 Re: Audit Planning Memo for Texas Minerals This is not the first time audit of TX Minerals Inc. (TX). We have been auditing this firm for the past 20 years. This reduces the overall engagement risk. Our auditing firm should be pretty familiar with our client’s fertilizer business and the general control environment is well known to us as well. So‚ in theory‚ we should be able to rely on the internal control structure
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Minerals are elements that originate in the Earth and cannot be made by living organisms. They are natural compounds formed through geological processes and are what remains as ash when plant or animal tissue is burned or decompose completely after death. Minerals are inorganic substances which means they are not formed by living matter and contain no carbon‚ and can be simply defined as chemical molecules which cannot be reduced to simpler substances. To be classified as a "true" mineral‚ a substance
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MINERALS * Minerals - Naturally occurring * Inorganic * Solid substance * Definite chemical composition * Minerals have an ordered atomic arrangement HOW MINERALS FORMED? * Crystallization from magma * Precipitation * Pressure and Temperature * Hydrothermal Solutions PROPERTIES OF A MINERAL * Color - small amounts of different elements can give the same mineral different colors. * Hardness - is a measure of the resistance of a mineral to being
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A mineral is any naturally occurring‚ inorganic substance‚ often additionally characterized by an exact crystal structure. Its chemical structure can be exact‚ or can vary within limits. Minerals possess a number of properties that are used as an aid in their identification just like color‚ luster‚ streak‚ cleavage‚ hardness‚ specific gravity‚ and even by their chemical properties‚ composition‚ Hardness‚ Crystal Form‚ Electrical Properties and Melting Points. Here I got a mineral as shown in the
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Bare Minerals versus Pur Minerals Kristina McClary English 112 March 4‚ 2010 In the last ten years the cosmetics has transcends from chemical base to natural from foundations and blushes to lip color and eye makeup. Women have many choices in cosmetics brands‚ such as department specialty discount stores brands. Due to the growing popularity of natural cosmetics in demand specialty cosmetic companies like Bare Minerals and Pur minerals were introduce to answer. Bare Minerals the first to
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MINERAL RESOURCES DONE BY: 1. N.ARUN KUMAR. 2.N.GAUTAM REDDY. 3.B.HARSHAVARDHAN. 4.K.VENKATESH. 5.P.TARUN. WHAT IS A MINERAL? A mineral is a naturally occurring substance that is solid and stable at room temperature‚ representable by a chemical formula‚ usually abiogenic‚ and has an ordered atomic structure. It is different from a rock‚ which can be an aggregate of minerals or non-minerals
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Minerals and Rocks Minerals Minerals: Minerals are elements or compounds found in the earth. The elements or compounds are called minerals if they have five features. They are solids. They are formed naturally in the earth. They have the same chemical makeup throughout They are not alive or made of living things. They have definite arrangement of atoms. 3‚000 different minerals are found in the earth. Some are common but most are rare. Aluminum‚ quartz‚ feldspar
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MATALLIC MENIRALS ROLL NO: 07 Metallic Minerals On an auspicious day‚ sometime around a million years ago‚ a member of the Homo habilis species stood erect and walked steadily on his two feet and his two hands became totally free. A new species – Homo erectus—began its journey on a new evolutionary track. This great change took around four million years after his ancestors – the hominids — broke free from the lineage of apes and chimpanzees. But ‚ perhaps for the next seven to eight hundred
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