RE:Gold Up To $1,554!$50 in price of gold in the last week just added $1.0m in profit if 20,000 oz produced in 2016.
If production cost is $900.00 /oz ca $1550 - $900= $650 /oz ca x 20,000oz = $13m profit .
This would explain why insiders are buying. 250m shares at 0.045 = $11,250,000 market cap .
No insiders info, just plain calculation. This is why i am buying with my modest means and i can understand why Mr Mestrallet and Mr Hinse is going all in .
Profits projected in a year are more than market cap and carry over lost to prevent paying taxes
are a plus.
Just hoping that price of gold stays at this level or raises in the near future to deliver me a 10 fold.
The plus is that Mr Hinse (i think is in a buying mode of a mill that could process a lot more than the 12000 t per month .
I also deducted that Mr Hinse is also in a buying mode of past producing mine that could add mineral to the mill that he is trying to buy.
All i have written are in the influence of alcool and could be wrong calculations.
Fernand