TSX:LSG.DB - Post by User
Post by
goldhappyon May 10, 2013 6:10am
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Post# 21361627
Shooting from the hip
Shooting from the hip Mining at 4 grams per ton it takes 7.77 tons to make one oz of gold
7.77 times $100 per ton cost = about $800 per oz operating cost
Gold at $1400 leaves $600 surplus cash
2500 tpd times $600 = $1.5 million per day surplus cash
365 times $1.5 million =$547 million surplus cash for 2013
I really doubt LSG is cash strapped. Just waiting for that mill growth!!!