Mexus Gold US (MXSG)

[T-Hawk]

I wonder if the principle clown has revised the all in cost of recovery of an ounce of gold ? What were his last figures ..... $400/oz, less ? I wonder if he understands the principle of 'all in cost" ?

The dirty little secret nobody wants to talk about is that in order to get an "all in cost" per ounce you need to have an estimated reserve to know how many ounces to use to offset the costs.

The cost per ounce number PT is using is a low end number that only calculates variable costs (i.e. only the fuel, chemicals, and direct labor to produce that specific ounce). That number does not include any fixed costs like electricity waste management, building pads, pad liners or any other infrastructure costs. Plus any "cost of doing business expenses like cervezas at the local steak joint, accountants, attorneys, PR firms, material wasted in previously failed production attempts etc.