Tuesday, April 26, 2016 5:05:59 PM
I'm still trying to figure out how $45 million divided by 30,000 tons comes out to $1.5 million per ton. Do I have to be dropped on my head as a baby in order to figure out how that calculation works? I'm only an ex-actuary so maybe Calculus 1, 2, 3, and advanced calculus in college may been overkill and counterproductive for me.
Here, I'll end the multi-month suspense: $45 million dividend by 30,000 tons is not $1.5 million per ton. It's $0.0015 million per ton.
Ask anybody "in mining" or, hell, ask a special ed 2nd grade student.
The SwingTrade Portfolio was up 36.2% in 2014, 83.5% in 2013, and 546.6% since inception.
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