Re: wow 5.22 oz gold per ton!!!!!
in response to
by
posted on
May 01, 2009 11:43AM
Lets do the math: 1000 TPD = 5,220 oz. of gold X $900/oz = $4,698,000 -estimated production costs of $500/oz = $2,088,000 profit/day not including Antimony recovery. Unrealistic amount of production ?????????? Ok lets use 200TPD. That still equals $417,000/day profit after expenses. Thats $2 mil a week, $8 mil./month X 6months = $48mil./ year, just at this location !!!!!!!! $ilverado is sitting on BILLION$ OF DOLLAR$ when you include Nolan, Eskay Creek, Workmans Bench and a number of other sites on their properties. And that is just in Gold reserves !!!!!!! What is everbody's thought about share price with these numbers ???????? Remember it was $10/share in the '79-'80 run-up, and they didn' t even know what they had !