RE: RE: News really sounds good-22 million market cap right now.
5400 tonnes with approximately 1 ounce per tonne recoverable. (thats specualtive)
$500/tonne costs. (thats specualtive, based on old news)
lets say $500 per tonne costs and $650 per tonne profit.
$650 x 5400 = $3.5 million profit. and no more resource.
so the financed $3.5 million in share offerings to make $3.5 million in profit.
nice.
and anybody who holds gets diluted in half.
come on folks. no resource equals NO MINE. 45 day mine life!!!
ggup