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