Excellent Recovery of 97.5%!!!Encore Renaissance said indications from its sample tonnage sent to Kinross' mill came back at 1.4 ounces per ton on a 97.5% rate of recovery, which amounts to a near-bonanza grade of gold.
Bonaparte Gold Mine operator, BCT Mining Corp's President, Roger McClay, told AXcess News in an interview that production costs would run about $425 per-ton and that the Company would be gearing up to produce as much as 120 ton-per-day shortly.
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OK.......1.4 ounces is worth $1162.70 (current kitco.com price) X 1.4 = $1627.78
$1627.78 - $425 (production costs) = $1202.78 a ton.
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If maximum daily amount of 120 tons occurs......that is $1202.78 X 120 = $144,333.60 a day.
$52,681,764 a year ($144,333.60 X 365)
That is profit.........