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Re: twilko post# 2322

Thursday, 08/28/2008 11:54:10 AM

Thursday, August 28, 2008 11:54:10 AM

Post# of 8637
Not a good PR. Using some quick math this equals 1.64 troy oz per day @ 120 tons per day, a low average. This equals only $1,377 pr day @ $840 minus operating cost.
Their first sale is for $21,000 and they are only bringing in $1,377 a day I don’t see how they can stay in business very long at this rate. The equipment cost alone should be more than this and it does not include any labor or management cost.
Let us pray the price of gold will go up soon and the recovery per ton will increase soon as well. Maybe then this will become profitable.
Remember that at these rates they have left 56.88 troy oz not accounted for. All this is just my opinion and some real fuzzy math and assumptions.
At least it is showing some life and possibilities.


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