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Post# of 358536
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ArthurW1665

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ArthurW1665

Re: janice shell post# 96075

Wednesday, 09/15/2004 7:28:18 PM

Wednesday, September 15, 2004 7:28:18 PM

Post# of 358536
1 Kilograms = 32.15075 Troy Ounces (for gold)

= 32.15075 x $406/per ounce = $13,053

Excluding mining cost

1 kilo gold pure profit = 13,053 - 18,000 (cost) < 0

Not worth it. But wait for gold to hit 800 or 1200 per ounce in 2020, then sell.

Arthur

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