RE: IT has begun...news on initial production...Making some assumptions about possible value of the first shipment, concentrate %? 14 to 1 Ag to Au (historical estimate) gross value before expenses @ spot price of 1323.80 per oz Au & 23.50 per oz Ag
50% 254lbs Au&Ag*16oz=4064oz metal 14to1 = 270 oz Au & 3794 oz Ag = Au $357,426 + Ag $89,159 = $446,585
60% 304.8lbs Au&Ag*16=4876 oz 14 to 1 = 325 oz Au & 4551 oz Ag = Au $430,235 + Ag $106,948 = $537,183
70% 355.6lbs Au&Ag*16=5680 oz 14 to 1 = 378 oz Au & 5302 oz Ag = Au $500,396 + Ag $124,597 = $624,993
80% 406.4lbs Au&Ag*16=6502 oz 14 to 1 = 433 oz Au & 6069 oz Ag = Au $573,205 + Ag $142,621 = $715,826
Big assumptions on the % of concentrate to metal we will know the truth soon enough. Very encouraging that this first shipment is from the first 21 days of the mill running