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Re: bobbyinredwood post# 15005

Thursday, 09/23/2010 1:32:05 PM

Thursday, September 23, 2010 1:32:05 PM

Post# of 24320

Yup and if that's the case then with new spot prices...


1,250,000 oz gold x $1296 spot price = $1,620,000,000
+ 10,000,000 0z silver x $21.20 spot price= $212,000,000


$1,832,000,000 Roughly Just shy of 2 billion so far. Not bad.

Now lets double the resource evenly put gold at $1500 and silver at say. $35. These numbers are realistic I believe.


2,500,000 0z gold x $1500 spot= $3,750,000,000

20,000,000 0z silverx $35 spot= $700,000,000

$4,450,000,000 Just shy of 5 billion

As you can see silver is the real sleeper here.

Good luck all

Cheers,

D
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