TSX:LSG.DB - Post by User
Comment by
Timminsgoldon Oct 22, 2005 9:04am
258 Views
Post# 9750214
RE: lts do some math
RE: lts do some mathTwo small problem with your calculations:
1) the cash cost should be about $180 per ounce to produce on ounce of gold; therby producing a profit of $280 per ounce, based on current gold prices.
2) with the cuttoff grade cut back to 3 grams per ton from 6 grams per ton, try 2,500,000 ounces of indicated gold, to the 3,300 foot level.
Also 88 million shares fully diluted.
Please redo the math!!!!