BRALORNE GOLD MINES LTD BPMSF

RE: RE: RE:How I would manage BPM (golddigger)

[miningman3]

Sorry  run that one by me again.  The last press release I saw stated 600 wet tons of concentrate grading 136 grams per ton had been sold.     Lets  say the present price of gold is $  57  per gram ( $1710 per ounce)   and lets ignore the silver values .  That means  600 tons of con has a gross value of $ 4.65 million.  Now lets deduct the cost of shipping the con to the smelter,  leets`nd we say  30 truckloads  each of 20 tons at an assumed cost of $4000,  thats $120,000.  Now lets assume that the  net proceeds to the seller after smelting and refining charges,   amounts to  70%  of the  gross value of the con (  probably optimistic and generous,  buy  hey thats the type of guy I am )    That  means the net proceeds to the seller ,  will be something like  $ 3.1 million...  not   $4.3 million!!!!!!!!!