RE: RE: Nice Luna Gold Production UpdateI agree with you it's a sweet return. With depletion at $147.50 an ounce and a cost of $400 once the price of gold hits $1,546.50 we're $1,000 an ounce in hand. 17% of 5018 ounces in August gives us 853 ounces to buy and sell. If we got an average price of $1,720 per ounce in August we made a round $1 million. Not bad for one month's income on a $19,977,000 advance eh.
If anyone thinks my numbers are wrong please advise.
GLTA