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Re: cjstocksup post# 10243

Tuesday, 05/18/2010 1:10:55 PM

Tuesday, May 18, 2010 1:10:55 PM

Post# of 47116
That could be the bottom of the day to day momentum swing, the buy side pressure will drive this north through to the release of the geo-physics late June. Then we know for sure how big this deposit is. from the early (1901)English mine it was 16g/t which by todays standards is very good. That alone gives you $10,000 per ton rock if it was sold at 50% of spot gold.
Running that through an even small mill of 100ton per day gives you .... lets see 100tpd x's $10k =

back of napkin only. we ain't there yet.

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