Mining Company research board

[gitreal]

AABB investor with a calculator! It is always amusing to see someone calculate how much revenue a "mining company" can make per year in gold revenue based on a few grab samples........of a mining prospect they don't even own.

https://www.reddit.com/r/aabbstock/comments/noq4k7/maths_for_bonanza_shizzle_weekend_read/?utm_source=share&utm_medium=ios_app&utm_name=iossmf

Maths for Bonanza. Shizzle weekend read
Let’s do some maths for the new to be acquired bonanza mine.

The recent assay results gave 6.8, 8.9, and 10.4 g/ton of the samples taken. The core samples that will be taken this week are thought to be even more promising. To be conservative let’s use an average of the three for now. 8.7 g/ton. The bonanza mine is capable of processing 200 tons per day. We don’t know what the recovery rate is but we will assume the recovery rate is already taken into account with theses assay results.

8.7 x 200 = 1740g per day.

In 1 g = 0.0353 oz so…

1740 x 0.0353 = 61.422 oz per day

Let’s say they operate 7 days per week with two weeks off per year.

350 days at maximum capacity. This is best case scenario.

To be conservative we can use 300 days to account for shorter work weeks and not operating at full capacity (200 tons) per day.

350 x 61.422 = 21,497.7 oz per year 300 x 61.422 = 18,426.6 oz per year

Current spot gold price per oz is $1910. It’s expected to be much higher by the end of the year.

21,497.7 x $1910 = $41M per year 18,426.6 x $1910 = $35M per year

This doesn’t account for cost of revenue etc… but wholly frijoles. That’s a shit ton. Keep in mind that this is just for one mine. They will have up to three and perhaps more.

2021 looks bright.

In other words they can release

1740 x 350 = 606,000 g

1 token is 0.1 g gold

ca. 6 million more tokens

Until next time

Shizzle