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Re: mick post# 6389

Saturday, 11/24/2012 1:16:05 AM

Saturday, November 24, 2012 1:16:05 AM

Post# of 7209

This is the first step in formalizing the recently announced non-binding letter of intent and evaluating market value of the Ore. The Ore stockpile is located within 5 miles radius of Aztlan 8B Project and consists of up to 18,000 tons of Ore. In order to limit the production and processing risk, the Company shall not be obligated to purchase any Ore lot not having an average grade of Gold, Au < 5 g per ton and Silver, Ag < 35 g per ton.




ABOT Mining (Pink Sheets: ABOT.pk) is pleased to announce that it has entered into a legally binding Silver Tailings Purchase & Processing Agreement (the “Agreement”) with Rising Star Mining (“Operating/JV Partner”) that sets forth terms and conditions for purchase and production of silver tailings (“Tailings”) known as the Pueblo Project in Sinaloa, Mexico.
...
...
The Company expects to do the trial run of 150 tons of Tailings and subsequently increase throughput to up to 600 tons of Tailings per month.



Just doing the math here.

600 tons per month and average grade should be no less than AU 5g/ton and AG 35g/tom, so

Expected monthly production revenue based on today's spot price
===============================================================
Gold
600(ton) x 5(gram/ton) / 31.1(gram) = 96.46 troy ounce X $1751(per 1 toz) = $168,906

Silver
600(ton) x 35(gram/ton) / 31.1(gram) = 675.24 troy ounce X $34.13(per 1 toz) = $23,045

Total monthly revenue: $191,951 $$$$$$$$$$$$$$$$$$

Trial run would be 150 / 600 = 0.25, so 25% of $191,951, which is
still $$$$$$ $47,987

Disclaimer: it's all iMo~