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Re: None

Thursday, 06/02/2011 2:17:26 AM

Thursday, June 02, 2011 2:17:26 AM

Post# of 101798
SNEY GOLDEN NUMBERS

1.5 x 5 = 7.5g
7.5 x 50tons =375g per hr
375 x 10hr = 3750g per day
3750g x 6days = 22500g per week
22500g x 26 weeks (very conservative) = 585000g per year
585000g / 31g per troy ounce = 18870 troy ounces
18870oz x 1500 spot gold price = 28,305,000 dollars per year


***Conservative Points***
Conservative on 50tons per hr (dredges do 50-60 and remember they are just letting them run now with no cleaning)…conservative on only 26weeks per year worked (it will be more than that…quite a bit more)…conservative on spot gold price (since 1971, as of us getting off the gold standard, gold has gone up as we have pumped more money into the system…there is no way to stop this unless you retract money supply…we are doing anything but that so gold will continue to fly…and the only other way to smash “spot gold” pricing down is if the monetary system crashes…and if that happens…guess who is sitting on physical gold…so either way we are good…whether it be inflation or Armageddon)…this estimate only uses 1 dredge (conservative…just apply the multiplier to the above number to get full production)

***the only numbers I should have to explain is the first numbers of 1.5 x 5 (and here is your answer 1.5 is the visible free gold which is 20% of the total gold per ton…obviously 5 x 20% would give you 100% of the gold…therefore to figure out 100% of the gold per ton you multiply 1.5 x 5)***these numbers were pulled from the PR directly…reference below***

“Once we got into the gravel at this location (location deleted for security purposes), we have received approximately 1.5 g of visible gold per ton of feed. We are still at this location. We have additional locations with the same info. “

“We discovered that the sluice was only capturing about 20% of the free gold and 80% (or more) was going directly into the sump. We have modified the dredges so that closer to 100% now goes into the sump and we pump directly from the sump to an area adjacent to the river bank.”

Final Thoughts

First…this doesn’t even include REE’s which have more value than the gold

Second…pps would be .0218 if you divided only the gold revenue per year of $28,305,000 by the entire outstanding shares of 1.3 billion…that’s right…not just the public float of 550 million…but including all the warrants etc that everyone is flipping out about even though they can’t exercise them yet any way (which is why I should use the lower number…but hey…let’s stay conservative) ***reference below link for details***

http://www.sunergygold.com/corporate/index.php

Third…everything stated here is more about “book value” in a world where fractional banking and leveraging doesn’t exist…well we live in a BS world where those things do exist…so what happens when P/E ratios are used...what’s a fair P/E ratio for a company that produces something that people want…10/1?, 13/1?, 15/1?, hell 20/1?, should I go as far as the notorious 33/1?...you get my point…once they are a solid producer and up-listed the numbers get funny to the upside with things like P/E ratios

Fourth…everything I just wrote was based on the usage of ONLY ONE…I repeat…ONE…dredge…can you say 3…or someday 15…come on this is simple math

Fifth…we once again are trading below value...but just like in the past…the sensible side of the investment brain will take over…and people will stop running in the wrong direction…even though the company is going in the right direction…I think this time…like all the previous times…we will go up again…and like all those times…each time our move up is higher and more violent…I say getting in around .012 makes you a lucky person…you got in for the wrong reasons…but more power to you…it’s not going to last down here…common sense will eventually take back over in the SNEY market

…mylife
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