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Thursday, August 30, 2007 5:01:19 PM
current rate or gold 664.90 per ounce
profit of $279.80 per ounce currently
$384 extraction cost
x 2 million ounces
=$77 million total expense of extraction
2 million projected ounces of gold
x $$$ going rate of gold as extracted
= $.$$ billion?
less extraction expense $77m
= $.$$ billion give or take based on the given rate of gold at time of sale
"Post financing ABV Gold will retain 65% of the equity giving our company a very valuable holding."
financing for said project through proffered shares leaving us with %65
65% of $.$$b = what?
$77m isnt required up front for extraction..... If that was the case.. to have all future expenses up front.... We wouldnt be trading stock, for no company would ever be able to start.......
Question? CDN stands for? "valuation in excess of $80 million CDN"
Thats not a currency to my knowledge.....
Mt. Olympus ::: http://www.investorshub.com/boards/board.asp?board_id=8031
"You can accomplish anything in life, provided that you do not mind who gets the credit"
Harry S. Truman
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