Free
Message: More interesting

OK, so June 22, 2009 they told us the pile is 310,000 tonnes, therefore.

310,000 x 220g per ton x .75% recovery (conservative) \ 32.5g per oz x $30 Silver =

Roughly $63 million

310,000 x 2g per ton x .75% recovery (conservative) \ 32.5g per oz x $1,350 Gold =

Roughly $19 million

So, hoping I got it right this time (thanks Aafab) the pile, today, is roughly worth $82 million/200million shares = $0.75 per share---ish.

Now it's easier to be patient, don't you think?

Share
New Message
Please login to post a reply