High River Gold Mines Ltd HRIVF

Prognoz furure cash flow

[Goldcat007]

Assumptions:

Cash costs of $8 per oz
Selling price of $ 30 per oz for Silver
Gross profit of $22/oz
Incremental production of 1,000,000 oz/yr
HRG has 840 millions shares out

Cash to HRG is:
~
50% X 1,000,000 X $22  = $ 11,000,000 per 1,000,000 of Ag produced
~ or
$ 0.013 per sh (1.3 cents) per million oz of Ag produced

IMHO, Prognoz is a very good big asset.  Before, when there were less HRG shares around, it was a big and great asset.

A Ag mine in a few years producing 50 M oz/yr would then give cash flow to HRG of $ 0.65 per share.

I will wait foe S to promote HRG.

[Novaman67]

Prognoz is very important, but not the full story,Bissa, I believe is the catalyst for exponential expansion for this company. The exploration of this area is the key to all HRG has to offer. I have studied the Nord Gold prospectus and believe me this is the place we want to be.On another note, the fundamentals are very strong, with no debt (yet to be announced), excellent cash flow, good

[missouriminer]

Hey brother, It's great to hear your thoughts, thought maybe we had lost ya. Glad your still with us....V