Prom Resources Inc (PRMO)

[DC168]

PRMO's monthly operating cost is $550,000. They They are capable of producing 250kg monthly. Say using 200kg for calculation.

200kg x 32.15oz/kg = 6,000 oz

$550,000 / 6,000 oz = $100/oz

Producing cost is extremely low. I am not surprised to see Ghana mining operation being sold for hundred of million of $. PRMO can keep Madagascar mining.

I understand PRMO probably use sluice box method to extract alluvial gold bearing material near a river, which supply free water. Thus producing cost is very low. As compared to other countries such as Mexico, using crusher for much higher cost.

Lots of investors are looking safe heaven investment. They are probably lining up at Dror's door now. IMO.

As I said before, PRMO production rate has been increased, inventory is growing, but minimal gold sale. They are looking for big buyer or big contract. Stay tuned.