RE:news out
Some quick back of the envelope calculations based on each ton containing 6 grams of gold per ton (g/t)...not sure how accurate that is...the total gross sale for July and half of August should be just under $2 million assuming it is sold for $1300/ounce...which may not be accurate looking at the gold price today...just some quick numbers to see possible returns is all I am looking at here. July 132 average tons/day *6g/t gold =792 grams/day * 31 days=24,552 grams of gold for July =788.4 ounces *$1300/ounce = $1,024,971 August (first half only) 245 average tons/day *6g/t gold =1470 g/day * 15 days = 22050 grams of gold for first half of Aug=708.1 ounces * 1300/ounce = $920,530 Grand total gross gold sales should be $1,945,501 for July and half of August