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Re: Jim Bishop post# 9589

Monday, 07/03/2006 10:46:01 AM

Monday, July 03, 2006 10:46:01 AM

Post# of 56764
"The estimated Average of 15.0 grams per ton of GOLD ORE can produce an output of approximately 3,750 grams of Gold per Day."

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...”