RE: CD Howe Report_what is significance?My response from Roger regarding this question
Adding the 109,931 and 593,104 tonnes and multiplying by .1oz/ton gives alittle more than 70,000 ounces in the proven/probable category. Allowing for$500 cost of production leaves $1,300 per ounce profit, ie 1,300 X 70,000 =$91,000
This is a 65% increase over our total market capitalization of only $60million.
I hope this simple math indicates how ridiculous our share price is??
Regards,
Roger.
Sorry that I cannot copy & paste the actual report as it cannot be copied but this is Rogers response to me. Hopefully someone else has a format that can be posted here as this 'historical data' is very telling