TRY $1,462,500 (grumpymonkey007)SOURCE: 380 Ounces Gold Dore Poured Early December - Press Release 13 December, 2007
https://www.newguineagold.ca/announcements.html
Vat 2 is now expected to commence leaching in January. At that stage approximately 30,000 tonnes of gold mineralisation will be leaching (as against 6,000 at present) which should result in a major increase in gold poured in February 2008. To achieve the projected gold production rate of 3,000ozs/month it is estimated that approximately 40,000 tonnes of mineralisation will need to be undergoing leaching. This is projected to be achieved in March 2008. The above projections are subject to normal weather conditions at site – significant rain above normal rainfall could delay Vat construction.
IF THEY HAD 40,000 tonnes of mineralisation = 3,000ozs/month
ACCORDING TO THE ABOVE STATEMENT 30,000 tonnes = 75%
OR ONLY 2250 ozs AT $650 per OZ = $1,462,500