Encore Renaissance Resources Corp V.EZ

Excellent Recovery of 97.5%!!!

[RX4H1N1]

Encore Renaissance said indications from its sample tonnage sent to Kinross' mill came back at 1.4 ounces per ton on a 97.5% rate of recovery, which amounts to a near-bonanza grade of gold.

Bonaparte Gold Mine operator, BCT Mining Corp's President, Roger McClay, told AXcess News in an interview that production costs would run about $425 per-ton and that the Company would be gearing up to produce as much as 120 ton-per-day shortly.

------------------------------------------------------------------------------------------------------------------------------------------------------------

OK.......1.4 ounces is worth $1162.70 (current kitco.com price) X 1.4 = $1627.78

$1627.78 - $425 (production costs) = $1202.78 a ton.

-------------------------------------------------------------------------------------------------------------------------------------------------------------


If maximum daily amount of 120 tons occurs......that is $1202.78 X 120 = $144,333.60 a day.

$52,681,764 a year ($144,333.60 X 365)

That is profit.........

[JennyB2]

Posts such as this one, in its entirety, are precisely why the much flawed and abused 43-101 program was initiated...the next thing you know, these guys will start comparing Bonaparte Lake to a recently discovered, previously under-explored but major new gold discovery in the...wait for it....Phillipines or Malasia!

[ElixirPolyweb]

"Still hoping for  this SP to break out."With all due respect, EZ's share price has already broken out.The question is how high will it go?TTFN

[JennyB2]

Thank you, kel882...In Guyana, lovely place to work and where, after a very good friend recommended it, purchasing some beachfront property.

[JennyB2]

Actually, for all you pumpers out there, that bulk sample you are all quoting as being the sample taken to Kinross is NOT the sample that was ASSAYED at 1.4 opt Au with 97.5% gold recovery! The lead compound quoted as being of assistance in increasing the recovery of the Au from the sample is a compound used ONLY in the assaying process, not in a mill recovery process. The sample that returned the