Wednesday, June 17, 2009 10:33:13 AM
1 Kilogram equals 35.27 Ounces
So multiplying 35.27 Ounces X 22700 kilograms to ounces equals a total of 800,629 Ounces of Reserves or 50,039 standard pounds. Also 25 standard Tons of reserves.
800,629 multiplied by $930 per ounce gold prices and we get a value of $744,584,970.
Let me know if I'm wrong. But the potential estimated value I got is around $744 Million for Monte Cristo at current prices. That is just based on Gold price, not the higher priced platinum.
Ryan
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