InvestorsHub Logo
Followers 0
Posts 253
Boards Moderated 0
Alias Born 07/08/2003

Re: DRCAL post# 104

Thursday, 08/26/2010 3:17:28 PM

Thursday, August 26, 2010 3:17:28 PM

Post# of 2096
I am not sure about that but I seem to recall that the larger production dredges with there refining plant were around $5,000,000 each.
The "Mining Plan" says 48,000 Oz. production per year from the pilot mining program. At a profit of around $1,000 an Oz. it should be no problem paying for the larger equipment. I look forward to news that they are going forward with the pilot program.