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Re: djr63 post# 47924

Tuesday, 12/22/2009 12:47:50 PM

Tuesday, December 22, 2009 12:47:50 PM

Post# of 83059
Yeah not earth shattering news I agree, but a quick calculation as an average based on these seven samples listed there is an average of $885 per ton in silver and gold or over $442K in the 500 ton shipment.

That number is based on current spot prices mind, and of course CPRK would not receive that figure, that said it is a pretty decent sum.

Bear in mind the mill produces at least 25 tons of con a day, assuming that they run the mill 365 that number then extrapolates out to over $8 mil per annum which is getting pretty close to the running cost of the mil/overhead.

Now when the mil gets up to 50 tons a day (supposed to be by the end of the first Q) then you can double those numbers.

That leaves the Cu and the Mag as gravy right????



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