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They will do what they say. I have no doubt
Sorry wrong person. From the article, it sounds like $25-$30M revenue means they split 50/50 from the profit.
No?
Sorry, that is true. And they split 50/50.
It does not sound right
Am I right?
Thompson says they will be mining at an extremely low cost of approximately $450 an ounce and are looking for $25 to $30 million year of revenue at 10,000 tons per day.
$25,000,000(revenue)/$1200(gold price)=20,833(ounces they get)
20,833x$450=$9,375,000(expense)
$25,000,000(revenue)-$9,375(expense)
=$15,625,000 x 0.05(5%)= $781,250(MXSG gets till MarMar gets money back)
After that will be $15,625,000/2(50/50)
=$7,125,000(MXSG gets).
$7,125,000/645,290,000(O/S shares)
=$0.01104(earning per share a year)
So how do we figure out share price if this is the case?
Before FMOC meeting, metals and miners always drop especially this time 80% chance FED will raise rate at this point.
http://www.cnbc.com/2017/03/01/chance-of-a-march-rate-hike-doubled-cme.html
Also check what has happened in the past before FMOC meeting, especially when they raise on Dec. 14 2016 and Dec. 16 2015.
https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm
Don't worry about how much, if you want to buy, buy after rate hike or if FED doesn't hike, that is good, buy JNUG on 3/15
Miners are ahead of the game. Gold will follow. 3/15 rate hike coming.
We have long way to go up. As long as bitcoin keeps going up, that is automatically good news. Real upward movement is not yet to come. This will skyrocket as bitcoin approval on 3/11. Sky is the limit!
Gotta love this sector. Still underestimated by normal people. We will fly!
100% gain today is awesome!
That is what is going to happen most likely. Don't give me wrong, I love silver miners, especially AXU, so I sold everything to buy more later.
Wait at least 9 days. It will go down more.
Just something to watch out.
Wait till rate hike at least, 3/15. It will go down more.
Fed's Powell: 'The case for a rate increase for March has come together' http://www.cnbc.com/id/104294216 http://www.cnbc.com/id/104294216
Fed's Powell: 'The case for a rate increase for March has come together' http://www.cnbc.com/id/104294216 http://www.cnbc.com/id/104294216
Only $0.07?
When did this come out?
I am big time miners guy, especially silver miners. I put money whatever the good silver miners I figure that is good company. I hate to go against precious metals or miners, but I have to try not to lose my money value, so I am trying to learn. I think we should get a piece of bitcoin also.
I love miners. That is my big time investment.
March rate hike increased to 78% last couple days. That must be the reason.
Traders are pulling out money, especially JNUG. When FED raise rate, it will drop more including gold, IMO.
March rate hike increased to 78% last couple days. That must be the reason.
Traders are pulling out money, especially JNUG. When FED raise rate, it will drop more including gold, IMO.
Traders are pulling out money, especially JNUG. When FED raise rate, it will drop more including gold, IMO.
March rate hike increased to 78% last couple days. That must be the reason
I see those. I was expecting more buying would come, but still the PR did not help the share price. Maybe I said it wrong. I should have said...
"Everyone knows what's coming"
Nice big accumulation today, 500,000 shares or so? Someone might know something. Time to skyrocket soon!
I believe I am silver bug for last 8 years or so. I have been buying a lot of silver miners. Not sure why but I got into bitcoin 3-4 weeks ago and I thought maybe bitcoin has potential and there is possibility equity market goes up and bitcoin goes up. In the case, gold and silver will go down. Otherwise, gold goes up and bitcoin also goes up. If bitcoin gets approved by 3/11, it will fly, so I bought some companies related to bitcoin. There are not much choice and they are so cheap. But bitcoin was $0.0008 to begin with.
http://investingnews.com/daily/tech-investing/fintech-investing/7-blockchain-technology-stocks/
Smart means you don't stick with only one stock or one idea.
You are smart you are in bitcoin already! I just found out a lot of things 2-3 weeks ago. I bought some stocks related blockchain technology and ATM machine for bitcoin. It could be much bigger potential than silver miners.
Bitcoin can be the reason gold is not going as much as it should. There is possibility gold not going up, but BITCOIN would. It is like insurance also. One crazy thing is 80% of transaction happens in China. They might be buying bitcoin instead of gold.
I believe it is happening. Bitcoin is the way to be rich!
Do you care about bitcoin?
I start paying attention.
Bitcoin hits all-time high of $1,162
Bitcoin broke the record of $1,161.88 set on January 5 by trading 3% higher at $1,164 (7:32 pm CET) on the BitStamp exchange on Thursday evening.
The strong upward trend in the cryptocurrency’s price has been supported by expectations that the US Securities and Exchange Commission will approve the first bitcoin exchange-traded fund (ETF) by March 11.
Bitcoin has gained 27.30% over the last month and 177.48% in the past
How about this? It says,"WILL"!
Bitcoin hits all-time high of $1,162
Bitcoin broke the record of $1,161.88 set on January 5 by trading 3% higher at $1,164 (7:32 pm CET) on the BitStamp exchange on Thursday evening.
The strong upward trend in the cryptocurrency’s price has been supported by expectations that the US Securities and Exchange Commission will approve the first bitcoin exchange-traded fund (ETF) by March 11.
Bitcoin has gained 27.30% over the last month and 177.48% in the past
What is the chance bitcoin ETF doesn't get approved by 3/11?
From the news yesterday, I feel like it is 100% approved. Am I right?
What is the chance bitcoin ETF doesn't get approved by 3/11?
From the news yesterday, I feel like it is 100% approved. Am I right?
Those are majority of bitcoin play, right? I feel not so safe because they are all penny stocks.
Bitcoin passed 1200, it hit 1217 highest
Bitcoin passed 1200, it hit 1217 highest
Why not. The o/s share is 31M. Is that true?
Bitcoin passed 1200, it hit 1217 highest