Xali Gold Corp V.XGC

RE:El Dorado and SDA

[zack50]

horsewithnoname wrote: Has anyone done any math regarding El Dorado and SDA plant - how about:
ore from El Dorado lets be conservative 5 g/to
processing capacity lets take the 100 to per day (and not the possible 200)
let us take 80% recovery
would be 400 g gold per day or about 13 ounces
lets assume the we have production costs of 1200 per ounce would gives at least 500 USD cash flow per ounce or about 6500 USD per day, hmm where does this bring us in a year and what is Xali valued at the moment

The El Dorado target is based on the existing exploration data and previous historical resource estimates to date. Xali Gold believes that a target within 150m of surface has potential for 110,000 to 200,000 tonnes of material grading from 4.4 to 9.8 g/t gold and 113 to 239 g/t silver containing between 22,500 and 41,000 oz gold and 500,000 to 1,000,000 oz silver.

The potential quantity and grade described above is conceptual in nature... remember, there has been insufficient exploration to define a mineral resource and it is uncertain if further exploration will result in the target being delineated as a mineral resource. 

While I have my fingers crossed that the belief turns to reality... all we know at this time is that Xali has inferred mineral resources but no major proven mineral reserves... there is a difference!