OTCPK:NOXOF - Post by User
Comment by
Ricky55on Apr 12, 2013 3:03pm
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Post# 21248303
RE: RE: Simple math..correction
RE: RE: Simple math..correction The way i see it ,is this way:
The cost production for each onces of gold is around $700.00 and the sale price could be approx.$1350.00 ---$1400.00.Therfore,according to me:3 millions onces multiply by $1400 less $700.00 equal a net profit of $2.1 billions divided by the ammount of years or the lifetime of the project.
Let say ,20 years; equal $105 millions a years including big money for the people who works there as well for the direction.I would say $1.00 and+ a share just for one project.Many others things going on for Niogold.If the lifetime of the mine is 10 years,share price value climb at $2,00 a share for that specific project.
Someone who buy now is a sure winner in a couple of years.Be patient and keep your shares at that level.