GREY:COLUF - Post by User
Post by
hsaber2on Mar 04, 2013 1:05am
496 Views
Post# 21071967
Earning potential
Earning potential Conservative numbers
17 grams per ton = to 17/31=.548 x 1000 ton a day = 548 x 1400 dollar gold = 767000 dollars
170 dollars per ton cost x 1000 tons = 170000
767000-170000=597200 - 40% other cost & taxes - 25% = 268700
286700x 350 days = 94 mil divided by 106 mil shares = 89 cents in earning
0.89 x 7.5 multiple = $6.66 share price