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Re: goldbug2 post# 1650

Wednesday, 06/17/2009 10:33:13 AM

Wednesday, June 17, 2009 10:33:13 AM

Post# of 112728
So if a Metric Tonne is 1000 Kilograms. Then that equates to there being 22.7 Tonnes X 1000 = 22700 Kilograms of reserves.

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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