RE: The Real Question?"Quit the lies Rev. You can buy EXM as well as many of the junior producers blind at these levels. Do you think gold will not go through $1000 & beyond this month? Do you not think silver will blow through $25 this year? We both know the answer is yes to both!"
I believe revelation182 is full of crap, too! However, I would still like to know what has happened to the profits from the Moris Mine? If there are 25,000 ounces of gold and 60,000 ounces of silver produced this year at the Moris mine, like is advertised on the EXM website, then EXM's share is enough to make a HUGE difference in these markets.
I don't know what the actual costs are so I'll just invent some here for the sake of discussion. Let's say that this year the ounces of gold mined were at a $400 ounce profit and the silver at say 4 bucks an ounce profit. (someone correct my numbers here!!!) Anyway, we should get something like:
25,000 x .3 = 7,500 ounces gold for EXM's share
60,000 x .3 = 18,000 ounces silver for EXM's share
So, 7,500 ounces x $400 = $3,000,000
and 18,000 ounces x $4 = $72,000
This leads me to ask where is the $3,072,000?
If my numbers are incorrect please correct me.................