RE:160 million pounds of zinc ... price now at $1.12 per pound
OK..I just read Runge Pincock Canada's PEA report This is over a mine life of 8yrs.. 1mil.oz's of Silver per yr. 20mil.pds.of zinc per year 17mil.pds.of lead per year So as it stands..Silver @27 Zinc @ 1.12 Lead @ .88 So per year at current prices 27mil. for the Silver 22,400,000 for the Zinc 14,960,000 for the Lead Total 64,340,000 per year at current prices Minus the construction cost of the mine of 100,000,000 And the cost of production X The company has invested over 22mil. thus far I know one thing..I'd certainly want more than 30 million especially since those fiat funny money is becoming more worthless everyday. Yes..this is dirt cheap(pardon the pun)IMO