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Re: lytnup post# 3482

Wednesday, 05/18/2011 9:19:50 AM

Wednesday, May 18, 2011 9:19:50 AM

Post# of 20150
The whole calculation is based when gold was $1,200 per ounce - I hope those reading the PR understand that gold is now around $1,500 per ounce and going a lot higher

or perhaps this is just to be conservative that the mine is profitable at $1,200 so how much more so at a 25% higher price of Gold !!!