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Re: gitreal post# 38535

Sunday, 03/28/2021 9:54:10 AM

Sunday, March 28, 2021 9:54:10 AM

Post# of 109668
You failed to map their potential mines...they are located a considerable distance from a main highway and even further from Puerto Vallarta...if you read all their comments closely the challenge is getting the ore out...so from what I gather, they will require a huge investment in equipment and restructuring the mine layout...a remodel to make the mine profitable as 50 tons of ore

At 2 grams per ton = 3.2 troy oz per day = $5564 - $3200 to mine it = $2364 net profit for one day...they'll have reconfigure to handle at minimum 500 tons per day...

At 3 grams per ton 50 tons would yield 4.8 ounces per day = $8347 - $3200 to mine it = $5147 net profit...so there is a HUGE difference between 2 and 3 grams per ton of ore...

Add to it availability of electrical power and water required...there is a river nearby Navidad...they also have to get HUGE quantities of fuel and oil to the sight on dirt roads...

Have you ever even seen a mine operation? I have...I have worked in remote locations all over the world...infrastructure is directly related to profit and the ability to operate successfully...