Monday, July 03, 2006 10:46:01 AM
Well then.......
3,750 gr/d = 133.92 oz = $82,526 per day minus costs, theft & bribes.
Even if it was all profit then $82,526 x 365 days = 30,121,990
divided by a generous (Lean by PAIM Standards) 3,000,000 shares = .010040663 then give the multiple for pps.
CIL proceses are not cheap. Forget getting the gold out, try getting a CIL plant in.
I do like following this stock anyway.
“I got a great deal on some French WW2 army surplus guns. Never used and only dropped once...”
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