Wednesday, June 16, 2021 4:01:35 PM
Prices today Silver $27.50 = profit $10.30/oz
Gold $1,837/oz = profit $461/oz
Will start milling/selling Ag & Au from stockpiles in the 4th quarter this year (Or 1st quarter 2022.)
Surface stockpile 185,000 tons @ 67 grams/ton silver 0.45g/t gold = 398,500 oz/Ag + 2,680 oz/Au
= profit (after subtracting costs) Ag = $4,104,550 Au = $1,235,480 => $5,340,030
Underground Stockpile that has been accessed. There may be more beyond the rubble that is blocking access to further parts of the historic mine tunnels.
25,600 tons @ 166 g/ton silver (~ 2.5X more silver per ton than the weathered surface stockpile. This will be similar to the grade of silver that will be in the ore in the vein that is to be mined.) = 136,600 oz Ag = profit $1,406,980
1.67 g/ton Au (~3.75X more gold per ton than surface stockpile.) = 1,375 oz Au = profit $633,875
= total $2,040,855 Underground's stockpile
Grand total = Profit = $7,380,885 from both of the stockpiled ore's. This cash flow will most likely start in the 4th quarter this year.
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