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MeMe ME!!!!!!
I wanna be one!!!!!
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Yep, a few millionaires in the making:)
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Personally, I think that 12 pounds of diamonds and a truckload of gold pretty much wipes out any debt which may or may not be there.
If they aren't "DEBT-FREE" now, they will be within a few months.
So why all the fuss? Unless fuss is what wakes you up.
Charlie
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=56505077
What is a carat??
A carat is a unit of measurement of weight. One carat = 200 mg or 0.007055 oz.
So, using John’s conservative estimate of 27,000 carats of diamonds this season, how much is that really?
27000 x 0.007055 = 190.485 oz
16 oz in a pound means 190.485 oz = 11.9053 pounds.
We’re gonna have a bag of diamonds at the end of the season that weighs 11.9 pounds! And that’s the conservative estimate. We might get much more than that!
My major in collage was music, so I’ll be the first to say that my math skills are weak, so Please, please double check me and tell me how I’m wrong. I got my conversion figures just using a quick look up in Yahoo under carats to oz conversion.
12 pounds of diamonds sounds exciting though, doesn’t it?
Charlie
Time for me to go to my day job. I'd BETTER have a nice day at work... since I'm starting to make money here.
I was green after the 18's. Now if I buy more I push my average UP. If I get a few thousand to invest, then I just might.
Charlie
Volume of over 12 million in the first 12 mimutes of the day!! A million shares a minute!! and we're at 25's!!!!
Is this what the moon looks like??? Nope, we're not even close to our potential......
I'm starting to sound like a pumper.. :)
Charlie
Good advice, Puss! And I'm glad you predicted correctly and got 'em while we were HOT!
If the cause for our recent success is the rising price of gold and QE2, then today we should continue.
Your $40 difference yesterday will be $4,000 when we hit 20 cents PPS.
Charlie
I hear we are having pork wennies for breakfast, along with some scrambled eggs. j/k around folks. Gotta smile while we make some money.
I'm in, so let's GO!
Charlie
I nominate BakerBoy to be the one to select which island actually is RGI, since he'll be able to buy the damn thing before we get there!
I'll be the one to leave a tip..... I don't care if it IS all-inclusive. I STILL leave a tip for those who serve.
Charlie
Wow! Thanks for asking for my advice! I feel SO under qualified to be giving anyone financial advice, but since you asked…..
I’ve heard of the strategy of selling a little into a rising stock before. I believe the reason for doing so was so that you won’t miss out if it suddenly drops. I don’t agree with it and especially don’t agree with it for SGCP and I’ll tell you why.
Heck, look who I’m talking to! If you bought 60 fricken million shares then I’m SURE that you have done some DD and research and that you are perfectly aware of the great potential that is in front of SGCP. If you don’t need the money and aren’t in a rush to sell and re-invest in another stock, then why sell at all right now?
What I would suggest is to wait until our next PR and sell some after a PR spike, which would be a lot more than just a single tick! It is my opinion that we will have 2 PRs within a few weeks. One should be to announce that we aren’t using GGVF for our CC’s (and what we are going to be doing instead), and the other should be to announce the start of the mining season. If they PR’d a forecast then why not PR the start of the season? Each one of these should have a HUGE spike. I plan to sell some and then buy back more at a lower price. I’m sure I’ll never reach your level though.
I am in awe of your 60 million accomplishment, my man! You ARE Da Man!
Charlie
Wow! What a day!!!!
Whom ever painted the close.... my portfolio and I thank you!
SO you guys (and gals) think that this is just a reaction to QE2 and the rising gold prices??
Who SELLS at a time like this? Help this average Joe understand.... Are these sellers just hungover from a wild weekend, or is the spouse demanding money for some other addiction?
You've got to be desperate for cash to sell now, am I right?
Charlie - watching all the low hanging fruit
Bless you! Gotta love all the new buyers!
Thanks Everyone!
I was beginning to feel all alone......
"I would not feel so all alone,
EVERYBODY. must. get. Gold!"
I might mess up Dylan, but NOT this stock!
Are we gonna hit 20 today?
Charlie
I thought I got those after the last FR. My mistake if I'm wrong.
BTW, I spent a lot of time writing up my long winded post - and little response.
Doesn't anyone have a 5 year vision anymore? or is everyone after the low hanging fruit?
Charlie
At the time everyone seemed to be trying to get more 10's. A few did, but I couldn't play and just wanted to add more. The price difference was so low that I didn't really care that much.
Charlie
Good Luck Pussim!
I really hope you get your 15's. I agree, there is NO reason for this move up in PPS and it will come back down the longer we wait for news.
It was just 2 weeks ago that I picked up another 200k at 11. Sure glad I got 'em when I did. I'm always afraid I'll miss out if I don't grab 'em as soon as I make the decision to buy. I've got to work on my patience.
What's different between now and 2 weeks ago? Nothin'
Charlie
Long Haul, BIG Vision!
Here is my big pump!
I posted something similar a short while back. I’ve been thinking about it and expanding on it and thought I’d share it with you.
The following is, of course, my opinion. I came to this opinion based on my DD reading everything I could find about SGCP and from reading all of your posts as well. Most of the posts are rather worthless but occasionally a few are informative and still others are downright educational. I thank you for ALL of them. They’ve given me a glimpse into the mind and behavior of a penny stock trader, and also given me valuable information about this company. A few have even shared their e-mails and communications with management. Excellent! Thank you.
I need the help of EVERYONE here. I’m just an average Joe and I’d like to become a Rich average Joe! I need the strength and wisdom from the Long and Strongs, the silly Rah Rah of the pumpers to help get the PPS to spike up even higher when we do get PR’s, and I need you bashers too! Because I need the PPS to fluctuate as much as possible in order for me to become even more rich by acquiring even more shares. Recently someone here said that they had a core position at SGCP and a second account with shares to play with and they sold them before they thought the price would drop. They were criticized for this! Wow! I want to be able to trade like THEM! Aren’t we supposed to react to the market and…. No, that’s not right, we are supposed to PREDICT the market and beat everyone with our order to buy or sell and make ourselves a ton of money doing it. Why is it that us Longs complain and try to change the behavior of newcomers? It can’t be done, so make some money instead. When the PR’s come out, I’ll go ahead and watch the pumpers pump it up and then when it looks like it’s topped out, I’ll sell a few shares and wait. This company almost always has long periods between PR’s and most of the new money seems to split after a week or two and the PPS has always come back down. Then I’ll buy it back, plus more, at this lower level. My new goal is to acquire 5 million shares of this stuff, and I think I can get there in a year. I guess that makes me a ‘Flippin’ Long’!
Several people say that John loves to talk on the phone. I’ve never called him and I doubt that I will. I want the management of my company to be working hard at the business of SGCP instead of spending time answering my whining questions about the weather and possibly changing PR strategy to satisfy MY insecurities and needs. I’m sure he has his hands full with all the irons we have in the fire. I might e-mail him a letter of support and thanks for the last FR, but no, I'm not doing to call him.
Now for the big pump I promised you.
Close your eyes and imagine what it’s going to be like 5 years from now. It’s the 2015 - 2016 mining season. What’s the price of gold? $2,000? $3,000? More? We have more than doubled the size of our dredge manufacturing plant and we have at least 25 dredges in the water. Maybe more dredges than that! Maybe 30 or 40 dredges. Do the math using John conservative forecast for this year and have an OMG moment!
Wait, there’s more!
Our Carbon Credit projects will have all sold by then. SL1, SL2, SL3, and Bio-Mass and maybe even more. Last year our PPS shot up to almost a penny when word first got out about SL1. We can blame China if we’re looking for a culprit for the drop on the price for CC’s. When China dropped the ball in Copenhagen last year then the U.S also declined to go the Cap and Trade route. Without a global cap and trade policy the price of CC’s went sour. Doug must have decided to wait it out till the price comes back up. WE didn’t like it at the time because we ALWAYS want our cookies NOW, but it was the right business decision, and it was HIS decision to make. Not mine, and not within my timetable. This WILL pay off Big Time when it happens, and we ALL know it!
Wait, there’s MORE!
We will have begun harvesting the wood from the Kiri trees used in the CC projects. Our lumber mill is producing wood for construction throughout SL.
Wait! There’s MORE!
We will have developed farms in SL and of course, the land is perfect for it. For the first time the land is being worked with tractors and harvestors and we plant a wide variety of food. Food is plentiful everywhere within our reach, and we’ve been exporting the excess for several years. The general population is no longer starving.
WAIT, THERE IS MORE!!
We employ over 15,000 workers to do all the above. Employment for the locals is found in the rivers, in the Kiri forests we’ve planted for the CC’s, in the lumber mill, on the farms, and all the spin off jobs as well. Doug Evans is a Hero and local schools are named after him.
Now, what is our PPS?? Isn’t 20 cents or more PPS within reach? If I have 5 million shares at 20 cents then…. I will have achieved the New American Dream! The old dream was to own a house, but that is the American nightmare now. So the New Dream is making the first MILLION dollars. I’ve heard that the 2nd million isn’t quite as hard to make...
This WILL go “To The Moon”, “ Ka-Boom” , “Massive Profits Ahead”, it’s just not going to get there in a week or month or even several months. Although I’m not going to be depressed if it does.
Thank you in advance for EVERYONES help in getting me there! The Longs, the Pumpers, and the Bashers too!
Good LUCK to EVERYONE!!
Charlie
Me too!
I'll post something I've been thinking about on Monday when I have more time to write it down properly. I'm also considering writing an e-mail to John to thank him. I meant to do that after his last FR.
Cheers!
Charlie
B4 I don't have a way to private message you.
But I thought your video was funny!
How do these kids find us??? oh well, I guess we need all the investors we can find. The good, bad, and unfortunately the stupid too!
Wow! Thanks phreshmeat! That was quite a complement, and I'll take it!
I've got something I want to say later. I'll write it up and post it for Monday.
Charlie
Get back to Basics, boys and girls!
I’ve only been investing in stocks for a little over 1 ½ years, so I’m not touting myself as an expert. I came into some money (won it in a casino) and decided to invest. I started looking into stocks and wanted to get into something that would be a long shot, high risk / high gain stock. I was looking for companies that have been in business for a few years, suffered a big downturn, and could possibly survive and make a nice profit for me.
Doesn’t that sound like SGCP? My first purchase in SGCP was for $0.0008 and I’ve been hooked ever since. I’ve had my learning curve and disappointments with the lack of PR’s and have learned to be patient and just trust these guys.
This started out as my gambling money and I didn’t really care if I lost or not. I’m excited by what I could win, and now it seems like it’s something I might even be able to retire with. I’ve played around with other stocks and had some gains and losses, but this is my base and it just feels like home.
My first goal was for a million shares. Now I’m at 1.7 million and I’m trying to get to 4 million. I have one other position that may hit big in a couple weeks. If it does, then THAT will become my funding source for a big buy in SGCP.
I’m very confident that this year will change our lives with BIG gains. Any of us can guess at a number, I’m just entertained with my constant observation of this stock. Like I was entertained recently when it took a big leap up with no news to support it. “What’s this?“ I asked…. And I KNEW it would come back down again. It has. Buy while it’s low, sell it high - really really high!
Wish me good luck as I do the same for you!
Charlie
Thanks Roberto for sharing your phone call to John with us. You've been very helpful and nice in doing this for us in the past as well.
There are SO MANY new people on this board along with several new "experts" that seem to be adding doubts with negative opinions. I feel like such an old guy trying to calm the teenagers down.
One question though.... why do we keep seeing weather reports for Bo that say little or no rain, and then hear from John that it's still raining? Are we in a different area? It doesn't really matter. The PPS will leap after good news gets PR'd, and I know that won't happen on my terms or timetable or anyone else's but Doug and Johns.
I'm replying to your message from this morning, and so many more have posted since then, so I'll copy and paste it again so everyone can see what I'm talking about. This is good stuff, Roberto, and thanks again!
Charlie
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I spoke with John last night for an hour or so. He is such a nice guy and a hoot to talk to. It is still raining in SL and the area is still flooded. They are patiently waiting for the winds to shift and the dry season to start. John was very upbeat. This is going to be a big winner IMO, but your patience will be needed. You can stay long and keep you sanity, or be flipper and potentially find yourself chasing this stock up the ladder. John says they have experienced and highly trained operators standing by to operate the dredges. IMO, SGCP will be in full operation by the end of the year. It just needs to stop raining. One thing that most on this board discount too much is the farming operations thay have going there. That could be huge over the next several years. Possibly as big as the mining operations. Also, we discussed the CC projects. Still very viable and potentially a big winner. And BTW, they do have commnications to the sites and John speaks with the operators frequently.
My Boss, and everyone else at work, had better be nice to me today! It's distracting to be making so much money while they are clue-less.
RGI is calling my name, and I'm listening!
for the newbies
RGI = Righ Guy Island
A place where we will all meet someday to count our money while our toes are in the water and our butts in the sand!
GLTA
Charlie
SGCP is #3 on "TheHotPennyStocks.com" web site for most active penny stocks.
It's a posting like this that originally brought me to this stock a little over a year ago.
Here is a new theory for all the new volume. How many of the new folks are happy about the election results and buying on renewed confidence???? I know most of you guys are Republicans.... :)
GLTA
Charlie
Predictions for tomorrow?? Well, no one really knows WTF happened TODAY, so how is anyone going to be able to predict tomorrow??
IF this is in anticipation of real news, or if this was a leak of news to a few that leaked it some more, THEY took advantage and bought in… well then, tomorrow we should ALL see the news and Ka BOOM!
Or… no news to support the bump, so we get a slow decline and wait.
Me?? I’m a long. No one touches my shares. Not for a very long time. Maybe when we cross a dime then I’ll let a few 100k go.
Let’s roll the dice and make a guess at tomorrow. I’ll say that during amateur hour we touch 30. With all this exposure we’ll get lots of fresh meat to welcome.
GLTA
Charlie
I think RGI is somewhere in the Caribbean. Maybe the Cayman Islands???
Anyplace where it's warm and friendlt will do!
charlie
For the New People!
After John (our Prez) posted the latest Field Report on the web page www.sierragoldcorp.com I decided to try and see what the upper potential would be if the numbers weren't so conservative. Anyone can do the math and play around with the numbers, and I just wanted to show you mine. Keep in mind that I'm NOT stating that this will be what the true production numbers will be, just that this is indeed POSSIBLE to do if everything went right.
****************************************
More fun with numbers.
My work commute is one hour each way, so I have a lot of time to think about these things.
John said right up front that these were CONSERVATIVE figures. He’s playing it safe by setting reasonable goals and showing these to US. So we can easily expect to be seeing a 5 million dollar mining season. But that is just based on the GOLD. All of us have just bypassed the diamonds and counted them as frosting on the cake of our profits. And we’ve been extremely happy with these low-ball figures. But what is the actual potential for THIS YEAR?
Here are the projections from the FR
A) Four dredges at 25 TPH = 100 Tons per hour
B) 100 TPH x 6 hours per day = 600 Tons per day
C) 600 Tons per day x 180 days = 108,000 tons
D) 108,000 tons @ 1 gram of gold per ton = 108,000 grams
E) 108,000 tons @ .25 carat of diamonds per ton = 27,000 carats in diamonds
*********************
A) Now we know that we will be getting at least one new 100TPH dredge this spring, and the other 4 dredges probably will perform a little better than 25 TPH each, so let’s kick up our average to 150 TPH.
B)I’ll leave the 6 hour day alone because, well, after all, this is Africa. They need breaks and down time for various reasons.
150 TPH x 6 hours per day = 900 Tons per day
c) Let’s make it a 200 day mining season. That’s still within possibility.
900 Tons per day x 200 days = 180,000 tons.
D) Aren’t we mining in ancient gravels that have huge potentials for much higher yields than 1 gram per ton? That just sounds too conservative for me! I think it’s certainly possible for us to find several sweet spots that will bring our average yield much higher. Isn’t 3 or 4 grams of gold per ton within grasp?
180,000 tons @ 4 grams of gold per ton = 720,000 grams of GOLD
720,000 / 28.34 (conversion to oz) = 25,405 oz of GOLD @ $1300 = $33,027,523 total gold for THIS SEASON!!
E) 180,000 tons @ .25 carat of diamonds per ton = 45,000 carats in diamonds!
Let’s have a rough guess of $300 per carat for the diamonds and that = $13,500,000 total for DIAMONDS THIS SEASON!!
$33,027,523 in GOLD + $13,500,000 in Diamonds = $46,527,523
46 MILLION DOLLARS in gross revenue for the year!!!! We are ALL going to RGI for SURE!!
This stock won’t stay in sub-penny-land for much longer!
Of course, ALL of this is just my estimate of our potential.
GLTA
Charlie
YeeeHaaawwww!!
It's gettin' DRY!
Launch those Dredges! Start your engines! Sift that gravel and get to grinnin'!!
How much GOLD could a good gold dredge when a good gold dredge dredges gold? Lots and lots of it! :)
I'm thinkin' we see a PR THIS WEEK
Charlie
We are starting the day @ 14!! I have a good feeling about this!!! I'll bet we see 15's and 16's TODAY!
Charlie
you guys are missing the point.....
Maybe Doug got tired of interrupting the miners with their internet porn. No satlelite internet until the big diamonds are in his hand!
Charlie
I too was surprised. I'm surprised that a CEO doesn't have access to Skype or some other form of VIDEO for something like this. I'm also surprised that he continues to chats about things that everyone ALREADY knows.
One piece of new info was a reference to "Big Investors". No details, just a tease.
I guess that no one cares about the new video.... I posted that it is up on youtube, and not one of you has said boo about it.
What a difference a couple weeks makes.
New Video is up on YouTube!
I was view #2
I’m getting really excited about this stock! I read you guys all the time, and several times I’ve wanted to reply, if only to say “Right On!”, but I didn’t. I wanted to wait till I had some time to write a little more than that.
My opinion is that we will see a PR very soon! Isn’t Doug going to SL THIS week?? I read that somewhere in here. And I’ve been seeing reports about the weather improving and that can mean that we will be starting our season very soon indeed! Don’t we already have 2 dredges in the water removing overburden and recovering some gold and diamonds while doing it?
I’m assuming that Doug stays in communication with John while he is in SL, possibly via a satellite phone?
From a past Field Report:
**********************************************
Update to August 24, 2010 field report;
I would like to update shareholders on information I received on August 25, 2010 at 3:45 A.M. EST from Sierra Leone regarding gold and diamond extraction. Sierra Gold Corp extracted 18 ounces of gold and 21 diamonds through the middle of August from our rainy season operations.
**********************************************
So it would make sense that Doug will total up the off season gold and diamond extraction numbers, phone them to John, and we might have an update soon!
Also, isn’t the news about our “severed business relationship with Green Giant Venture Fund” worthy of a PR, since it is a significant change in the company? I’ll bet that John is just waiting until he can announce what will replace Green Giant before he goes ahead and does a PR to tell us all about it.
Maybe he’ll put it ALL into one PR, CC news AND off season extraction figures. He might also explain that last sentence in the FR a little further for us…. You know what I’m talking about, right? This one…
“Further, the Company is reviewing options to expand its project opportunities within Sierra Leone.”
Hmmmmm doesn’t this just make you want to pawn something to buy more shares? J/k with the pawning stuff, but I’ll be buying more as soon as I get more funds.
As to the value of the diamonds…. The 27,000 carats of diamonds is straight from John’s conservative estimate in the last FR. If they are worth, oh let’s say and average of $200 per carat, then that would be 5,400,000.00 just in the Diamonds alone.
Sounds like the start of a GREAT year to me!!
Peace, and as always
GLTA
Charlie
I used "quotes" around the part from the FR.
I believe we will have a PR coming soon! John won't post a PR until he has something solid to say. We already know that we have “severed its business relationship with Green Giant Venture Fund” and that we are about to finalize an agreement with “an accredited Professional in the Carbon Credit industry”. Once that is done, then I’m sure that John will release a PR telling us who it is.
And…. I can’t stand to see us in the red, so I’m finding some spare change to get us back up to 12.
Slap that ask, baby!!!
GLTA
Charlie
Small Time Investor, I wasn't trying to predict or forecast, what I'm really trying to do is to show what our potential is. Of course there are a lot of "what if's" and variables to consider. My background is in Manufacturing Management and I was just showing what our upper capacity is. If everything worked just right all year long, then it might happen. John is telling us what he feels confident that he can produce. "Low-balling" is a bad term. He's just setting our expectations to something he feels is reasonable and obtainable without risking disappointing us, while at the same time he excited us. That is what most people who oversee a project will do.
So our expectations should be somewhere in the middle of what John told us in his FR (which is about 5 million in gold PLUS the diamonds, and what I've computed which is about 46 million.
In addition, I think we WILL see SOMETHING in the Carbon Credit business this mining season. That would take us over the top of 100 million, wouldn't it? I didn't even add that in my original figures.
For those whom may not have seen it, I'll copy and paste what I sent out last night......
Charlie
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More fun with numbers.
My work commute is one hour each way, so I have a lot of time to think about these things.
John said right up front that these were CONSERVATIVE figures. He’s playing it safe by setting reasonable goals and showing these to US. So we can easily expect to be seeing a 5 million dollar mining season. But that is just based on the GOLD. All of us have just bypassed the diamonds and counted them as frosting on the cake of our profits. And we’ve been extremely happy with these low-ball figures. But what is the actual potential for THIS YEAR?
Here are the projections from the FR
A) Four dredges at 25 TPH = 100 Tons per hour
B) 100 TPH x 6 hours per day = 600 Tons per day
C) 600 Tons per day x 180 days = 108,000 tons
D) 108,000 tons @ 1 gram of gold per ton = 108,000 grams
E) 108,000 tons @ .25 carat of diamonds per ton = 27,000 carats in diamonds
*********************
A) Now we know that we will be getting at least one new 100TPH dredge this spring, and the other 4 dredges probably will perform a little better than 25 TPH each, so let’s kick up our average to 150 TPH.
B)I’ll leave the 6 hour day alone because, well, after all, this is Africa. They need breaks and down time for various reasons.
150 TPH x 6 hours per day = 900 Tons per day
c) Let’s make it a 200 day mining season. That’s still within possibility.
900 Tons per day x 200 days = 180,000 tons.
D) Aren’t we mining in ancient gravels that have huge potentials for much higher yields than 1 gram per ton? That just sounds too conservative for me! I think it’s certainly possible for us to find several sweet spots that will bring our average yield much higher. Isn’t 3 or 4 grams of gold per ton within grasp?
180,000 tons @ 4 grams of gold per ton = 720,000 grams of GOLD
720,000 / 28.34 (conversion to oz) = 25,405 oz of GOLD @ $1300 = $33,027,523 total gold for THIS SEASON!!
E) 180,000 tons @ .25 carat of diamonds per ton = 45,000 carats in diamonds!
Let’s have a rough guess of $300 per carat for the diamonds and that = $13,500,000 total for DIAMONDS THIS SEASON!!
$33,027,523 in GOLD + $13,500,000 in Diamonds = $46,527,523
46 MILLION DOLLARS in gross revenue for the year!!!! We are ALL going to RGI for SURE!!
This stock won’t stay in sub-penny-land for much longer!
Of course, ALL of this is just my estimate of our potential.
GLTA
Charlie
More fun with numbers.
My work commute is one hour each way, so I have a lot of time to think about these things.
John said right up front that these were CONSERVATIVE figures. He’s playing it safe by setting reasonable goals and showing these to US. So we can easily expect to be seeing a 5 million dollar mining season. But that is just based on the GOLD. All of us have just bypassed the diamonds and counted them as frosting on the cake of our profits. And we’ve been extremely happy with these low-ball figures. But what is the actual potential for THIS YEAR?
Here are the projections from the FR
A) Four dredges at 25 TPH = 100 Tons per hour
B) 100 TPH x 6 hours per day = 600 Tons per day
C) 600 Tons per day x 180 days = 108,000 tons
D) 108,000 tons @ 1 gram of gold per ton = 108,000 grams
E) 108,000 tons @ .25 carat of diamonds per ton = 27,000 carats in diamonds
*********************
A) Now we know that we will be getting at least one new 100TPH dredge this spring, and the other 4 dredges probably will perform a little better than 25 TPH each, so let’s kick up our average to 150 TPH.
B)I’ll leave the 6 hour day alone because, well, after all, this is Africa. They need breaks and down time for various reasons.
150 TPH x 6 hours per day = 900 Tons per day
c) Let’s make it a 200 day mining season. That’s still within possibility.
900 Tons per day x 200 days = 180,000 tons.
D) Aren’t we mining in ancient gravels that have huge potentials for much higher yields than 1 gram per ton? That just sounds too conservative for me! I think it’s certainly possible for us to find several sweet spots that will bring our average yield much higher. Isn’t 3 or 4 grams of gold per ton within grasp?
180,000 tons @ 4 grams of gold per ton = 720,000 grams of GOLD
720,000 / 28.34 (conversion to oz) = 25,405 oz of GOLD @ $1300 = $33,027,523 total gold for THIS SEASON!!
E) 180,000 tons @ .25 carat of diamonds per ton = 45,000 carats in diamonds!
Let’s have a rough guess of $300 per carat for the diamonds and that = $13,500,000 total for DIAMONDS THIS SEASON!!
$33,027,523 in GOLD + $13,500,000 in Diamonds = $46,527,523
46 MILLION DOLLARS in gross revenue for the year!!!! We are ALL going to RGI for SURE!!
This stock won’t stay in sub-penny-land for much longer!
Of course, ALL of this is just my estimate of our potential.
GLTA
Charlie
Wow!! Did John just project a gross revenue for SGCP to be 5 MILLION dollars THIS YEAR???? Correct me if I’m wrong or you disagree. (your corrections are one thing I KNOW I can count on lol)
He gave us some very interesting math to play around with. Just take it a couple more steps and you’ll see what I am talking about.
108,000 grams / 28.35 (grams per oz) = 3809 oz of GOLD
3809 x 1300 (low ball price for gold) = $4,951,700.
That is “conservative” and doesn’t count Diamonds.
Has anyone found out what price we get for our gold? Is it 80% of spot? Or higher? Lower?
This SHOULD get some people off the couch and into their account to buy some more!
Charlie
I tried for a few minutes.... then I got excited and just HAD to get my shares.... so I got another 200k @ 11. Not more than a minute later the MM took it back down to 10. That's ok, I guess. I'm happy to have my 1.6 million shares and ACCUMULATING whenever I can.
Charlie