OTCQX:BGMZF - Post by User
Comment by
hammer161on Sep 12, 2018 2:30pm
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Post# 28606799
RE:RE:so let's try and figure out cash costs
RE:RE:so let's try and figure out cash costs
No conversion needed Chily. There are 31.1 grams in a troy ounce of gold. You are referring to a conversion factor in expressing grade from ounces/short ton to grams/tonne which is 34,286. All units in the PR were expressed in metric units not imperial - so who is the duffus? The milling is profitable at $190 cash costs/tonne. Based on the information provided I got $660,000US/mo. Grade higher than expected and mill appears to be operating to capacity and getting good recovery. The $660,000/mo gives $7,920,000 US/year or $10,300,00/year CDN. This is 2/3 of the predicted $15 million/year the company and yourself has been touting. With everything going OK with grade and recovery the only thing that could make that shortfall in company calculations up is a much higher gold price. Oh - dont forget they will need to give $500,000 CDN of that $10 million to OGR.