GREY:ABGFF - Post by User
Post by
drockofageson Apr 15, 2013 7:49pm
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Post# 21257059
Re feasibility
Re feasibility Is 3g/ton the content of concentrate or content of each of 450 tonsday of ore throughput?
If ore content (30g = 1oz = 10 tons ore) 450 tons/day = 45 oz Au/day x $900/oz = $45,000/day.
At $45,000/day ( x 90 days/ Qtr) that's $14.5 million earnings per yr or $0.06/shr. If price goes to $0.20/shr P/E would be 3!
Maybe I'm crazy?