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Ursa Major Minerals Incorporated T.UMJ



TSX:UMJ - Post by User

Post by cupricityon Feb 24, 2010 12:21pm
184 Views
Post# 16815137

$200,000/day

$200,000/day
grams grams grams
cu ni g pt pd co
percentage 0.00 0.00 0.18 0.33 0.36 0.00
feb 23rd price  $  7,200.00  $20,400.00  $ 39.29  $ 53.57  $ 12.50  $39,000.00
tonnes per day 3.50 3.30 180.00 330.00 360.00 2.00
gross value  $25,200.00  $67,320.00  $7,071.43  $17,678.57  $4,500.00  $78,000.00  $ 199,770.00 gross per day
 $39,954,000.00 gross per year
At todays prices the press release states at 200,000 tonnes a year they will be shipping  $40,000,000 a year in metal value.    With Nickel making a quick run up who knows what the margin will be.   I can't see them starting something that would have only a 10% margin at todays prices, but time will tell I guess.

In the meantime they have already shipped for a week or so meaning there is more than a million dollars worth of metal already moved.

Now it is just time for the SP to get out of the general market funk.
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