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Re: risk on post# 33844

Thursday, 06/16/2011 11:20:55 AM

Thursday, June 16, 2011 11:20:55 AM

Post# of 101798
Not following you. I think it states that the 3 grams are per ton and from the feedstock and not from the black sands. The 80% remain is from the black sands. At least that is how it reads to me. We pull 60 tons an hour of feedstock which are 3 grams or 180 an hour or 1800 a day. 1800\28.35 equals 63.49 ounces times 1500 equals $95,238 a day.

Then you have 40 tons of black sand. This would hold 12 grams per ton. 40 times 12 or 480\28.35 or 16.93 ounces times $1500 or $25,396 or double that by months end.

To that you would add the value of the REE's and anything else. Seems to me we gross $2-$3 million a month at what we are doing now at least.
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