InvestorsHub Logo
Followers 19
Posts 2606
Boards Moderated 1
Alias Born 03/24/2007

Re: gitreal post# 29547

Friday, 04/05/2019 10:52:11 AM

Friday, April 05, 2019 10:52:11 AM

Post# of 47639
Just think Unca Git, production is imminent once again. Using figures offered by Lemas, the geologist/metalurgist/mining expert, you're looking @ 3500 tons per week at 4 g/ton=43500g divided by 31 = 1403 ozs of gold per week. Of course you must take into consideration the production cost per ounce which according to Thompson is an amazing $400/oz
Of course we're talking optimum yield and conditions here but a conservative estimate would still be a potential of close to 1 million a month, inclement weather and equipment failure notwithstanding.
If it were not for Thompson's abysmal record of failure and the fact that there is insufficient gold to justify these figures.... I would have become a "majority accumulator" a long time ago.
Missed my chance to post on April 1, dagnabit.