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Re: ballantyne post# 40006

Thursday, 12/23/2010 7:46:20 PM

Thursday, December 23, 2010 7:46:20 PM

Post# of 51628
That is even better. Revised calculation:

3300 Troy ounce x $1380 = $4.5 M (i.e. per 100 kg)
Total value is 61 x $4.5 M = 274.5 M
Total net profit is 61 x $3.4 M = $207.4 M

I am much happier now. Thanks.