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Fat Profit Margin
posted on
Dec 10, 2009 11:33AM
The public still has no clue as to what a 52 oz. vein really means to a company's bottom line. Most of the gold just falls out after crushing the ore. So I guess it just costs about $5 an ounce to process it, which leaves a net profit of about $100,000 for processing a chunk of rock about the size of the desk that I'm writing on @ today's Au price. I wonder how many desks they have in that vein?
