Sleeper she is: Gold and COPPER profitsWhats been happening, according to NRs.
First shipment 1197 tons with 219 AU . Thats about .18 AU per ton. Profit at 75% recovery $94,000 or $78.00 per ton.
Second shipment 728 tons made $72,500 or $99.00 per ton.
Was not the above freeby found on the way down the decline?
Third shipment with higher grades and greater recovery rates of 85% and 94%.
576 tons paying $209,000.00 or $363.00 per ton.
Now we are to ship a minimum of 1000 tons at a time. Profit will vary with grades. WE HAVE LOTS OF HIGHER GRADE GOLD. We should be able to look for the payments to double to $400,000. That is cash flow, net profit less actual cost to mine crush and truck 26 miles and of course pay admin and taxes.
The copper should be double the profit per ton!!!! That contract for direct shipping is in.
No market reaction.
WELL CRD IS NOT GOING TO GO BROKE ANYTIME SOON.