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Re: JJZander post# 491

Thursday, 02/05/2015 11:57:50 AM

Thursday, February 05, 2015 11:57:50 AM

Post# of 676
SPXA: Merger Cannon Resources, LLC $19,966,400 in gold production in 2011. they are making 88-180% profit margin. This is huge!

'production costs ranging from $450-$670 a troy ounce'

'during the 2011 mining season, Cannon has produced 12,479 troy ounces of gold'

---->>12479*1600(averae gold price in 2011) = $19,966,400. Do the made at the low end profit margin of 88%!!

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=110543099



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