Re: Plow Thinks what? - Goldtender
in response to
by
posted on
Oct 01, 2009 11:16AM
Plow-
Pringle Bench shows surface samples assayed gold 5.22 ounces per ton gold across 16.4 feet and the Drill chart shows gold encountered at different depths of drilling which is a big plus.
http://www.silveradoweb.com/i/sep22-01.jpg
You will notice that hole # 09SH18 shows 5.72 oz. Gold/ton was intercepted at 75 ft. and is one foot thick $$$$ Ka-Ching Ka-Ching $$$$
Antimony has also been encountered at all different depths
Examle of Antimony per ton: 51% (for one area)
one short ton = 2,000 lbs. (metric ton = 2,204 lbs)
.51 x 2,000 lbs. = 1020 lbs.. of Antimony per ton
1020 lbs. x $3 = $3,060 Antimony per ton
So to put this into proper perspective, Silverado will be making lots of money from all the Antimony while digging-up the gold.
Silverado Production cost for gold could be close to zero and in most cases it will probale be zero. I remember reading that the average production cost for mining gold is around $500-$600/ oz. translation= anything over $500 is profit. So, while most gold companies will make $500 profit with gold prices at $1,000; Silverado's profits for gold could be close to $1,000 per oz. $$$$
$$$ Ka-Ching Ka-Ching $$$