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Re: norel post# 9626

Saturday, 09/09/2006 9:37:24 AM

Saturday, September 09, 2006 9:37:24 AM

Post# of 42608
Thanks norel for highlighing the numbers on the tailings project.My calculations based on a net profit of $270,000 per plant per month leads me to hope that the company can have the 10 plants on line if they parlay the profits in approximately 3 or 4 months. The math: In one month company can build 2nd plant for $15000 and have $130,000 in reserve. At month 2 assuming 2 plants operational company nets $540,000 which added to reserve gives them$670000 allowing them to build 4 more plants for a total of 6. These plants would generate 1.5 million in income per month. Any comments on the accuracy of this reasoning. If they can pull this off, I believe this can be a huge winner for investors.