InvestorsHub Logo
Followers 321
Posts 17930
Boards Moderated 0
Alias Born 04/24/2009

Re: ChuckD-MSB post# 80313

Monday, 08/25/2014 5:06:51 PM

Monday, August 25, 2014 5:06:51 PM

Post# of 83044
SOME CPRKQ NUMBERS TO PLAY WITH

Estimated average production:
GOLD 1/3 oz/ton
SILVER 10 oz/ton

At 100 tons/day:
= GOLD 33 oz
= SILVER 1000 oz

Current metals trading:
GOLD $1,280.00 x 33 = 42,240.00
SILVER $19.35 X 1000 = $19,350.00

TOTAL production value: $51,590.00 per day total

Half ownership production share value = $25,795.00


CHUCK QUESTIONS: Best estimates of course!

1) What percentage of $25k per day would exist as profit after refining and selling?

2) What is remainder after labor and other overhead are deducted?

3) Are costs for operations support, maintenance, taxes, whatever attached to the overall operation, shared 50/50 with the other owner?

4) How does a $10k per day CPRK profit number on this one mining operation hold up against real world calculations?

5) Are their any other value added production products from this site?

I was hoping to put something together more formal from the various maps/reports etc but will leave that for an official company release.

But basically the mine has been around 100 years or so, last worked in the 80's, historical production is around 1/3 oz of gold per ton and around 10 oz silver per ton. It should be up and producing 100 tons per day of ore by the end of the year, costs will be pretty low with just 5-7 guys working. Enough ore is already blocked out to keep them busy for the next several years. Progress on the rehab is on schedule.

CPRK owns 50% and is spending money on it.

Several other projects are still in the works.


HOPE FOR THE BEST PLAN FOR THE WORST
NEVER CONSIDER MY OPINIONS AND "DD" YOUR INVESTMENT OR LEGAL ADVICE!

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.