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Re: christoba post# 38296

Monday, 08/08/2011 3:43:55 PM

Monday, August 08, 2011 3:43:55 PM

Post# of 42903
Near the bottom of the article:

"Speaking to the cooperativistas of La Joya in his thick Texas accent, Mr. Petty pledged to transform their mud-brick village at the base of a mountain containing 13 million ounces of gold and silver into a thriving modern community."


http://www.digitaljournal.com/article/310069

Let's be conservative and call gold at $1650.00 per oz.

So 2701 kg = 95,075.2 ozs @ $1,650.00 = $156.87M (over 156 million)

But you need to factor in cost of production which can exceed $650.00 per oz X 95,075.20 = $61.8M overhead.

http://www.virtualmetals.co.uk/pdf/ABNGCQ111.pdf

Split two ways leaves $95.07M to FMNJ and partners and all their related costs.

Our share?.......I don't know. -TB











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