Prom Resources Inc (PRMO)

[ballantyne]

Here is the post from DG I responded to. If 6100kg is correct then this post is wrong. Whatever , the numbers are impresive.

I have done some mathematics. The recent PR said $1235 per troy ounce of gold sold in first quarter. It generates $4.1 M revenue. It works out to be ~ 3300 troy ounce or ~ 100 kg gold bearing material was sold. PRMO's inventory is around 6100 kg.

The total value at today's gold price is $4.1 M x 61 = $250 M
The total net profit is $3M x 61 = $183 M

According to our CEO, PRMO's production rate and inventory will increase in 2011. Also sale of gold will continue.

I am happy with these numbers. Please correct me if I am wrong.