United Resource Holdings Group, Inc. (URHG)

[themtharhills]

Some back-of-the-envelope calculations based upon the latest Facebook posting.

Assumptions:

1. Last October URHG said its cash burn rate (for URHG, Dun Glen, and United Milling combined) was $80,000/month, so I will estimate it is now (at least) $85,000/month.

2. If the current gold capture is between .5 and .75 per hour, I will use .625 oz per hour.

3. By the end of the 3rd quarter 2015 they will be able to run 40 hours a week.

4. I'll assume $1000/oz for the gold.

40 hours X .625 ounces = 25 ounces of gold per week.
25 oz X $1000/oz = $25,000/week.
$25,000/week X 40 weeks a year = $1,000,000 for a year income

$85,000 burn rate per month X 12 months = $1,020,000 yearly cost.

So, roughly speaking, even at the current poor 50% capture rate, and with just this one circuit, the company should be able to about break even. If URHG's projections are correct that as they improve the water clarification and improve the equipment the recovery rate will get better, then that would go into the profit side of the ledger.

- TTH