Mexus Gold US (MXSG)

[eddyimano]

Am I right?

Thompson says they will be mining at an extremely low cost of approximately $450 an ounce and are looking for $25 to $30 million year of revenue at 10,000 tons per day.

$25,000,000(revenue)/$1200(gold price)=20,833(ounces they get)

20,833x$450=$9,375,000(expense)

$25,000,000(revenue)-$9,375(expense)
=$15,625,000 x 0.05(5%)= $781,250(MXSG gets till MarMar gets money back)

After that will be $15,625,000/2(50/50)
=$7,125,000(MXSG gets).

$7,125,000/645,290,000(O/S shares)
=$0.01104(earning per share a year)

So how do we figure out share price if this is the case?