OTCPK:MEAOD - Post by User
Post by
gahdcon May 02, 2011 1:10pm
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Post# 18518328
Some Numbers
Some NumbersWell, everyone this morning seems to be doing numbers. How about these for Bachelor Lake:
MTO production share of 60,000 oz. after Sandstorm 20% = 48,000 oz.
Cost to produce is $500 and at $1500 gold price = $1,000 oz. profit.
In full production by end of 2012, profit will be 48,000 oz. x $1,000 = $48,000,000 (at current gold price)
For every $100 inrease in gold price MTO profits go up by $4,800,000.
If gold is $2,000 by then (many predict this by 2011 year end), then profit for Bachelor will be $72,000,000.