DKGR--Jackpot Placer Mine Projections
Based on an assessment of all available information, Senior Mining Consultant Norm Pearson has concluded the following earnings projections are possible at just 100 yards of ore processing per hour. The following estimate includes the increased costs related to the expansion of operations to a 100 c/y/h plant.
Available yards 2,050,000
Ounces of gold 205,000 @ 83% purity* = 170,150 ounces
170,150 oz @ $600 AU = $102,090,000
* Gold purity projections are based on minimums and may run substantially higher.
Mine 100(depends on material) c/y/h @ 10h day = 25,000 c/y/month
Mining life: 2,050,000/25,000 = 82 months (6 and 5/6 years)
Mining Cost (life of mine)
One time cost to set up increased capacity plant = $485,000*
82 months @ $242,000** = $19,844,000
Total mining cost = $20,329,000
*Estimated cost of equipment needed for 100 c/y/h, which the company is prepared to purchase using equipment lease financing
**Estimated monthly cost to run the 100c/y/h plant
Value in ground = $102,090,000
Mining cost = $20,329,000
Projected Profit = $81,761,000 in 6 5/6 years
News 
Market Data 
Discover 
