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Cline Mining Corporation T.CMK



TSX:CMK - Post by User

Comment by ark88on May 03, 2012 3:36pm
169 Views
Post# 19868152

RE: RE: RE: RE: RE: Costs - mr1derful

RE: RE: RE: RE: RE: Costs - mr1derful

I posted a number here using an average of $60K per annum salary. I think that may be a bit on the low side but close enough. The key point in calculating the total cost of salaries is the multiple that one uses. I had mentioned 1.5-2 multiple on top of the salary. In Canada, I would use the 2.0 multiple. Not sure about the states. In short, based on 350 employees, I had come up with at least $3.5 mil. in costs per month. I think this is comparable to what Eigen had earlier posted regarding an article about one of WLT mines if I'm not mistaken.

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