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Monday, August 22, 2011 2:36:49 AM
Their costs are 450.00 per ounce of gold extracted. They have 198M ounces extracted which cost them 8.91B approximately.
If everything is true using the numbers indicated (I believe any
actual costs will be higher then 600.00 if this ever truly happens). I do not believe any of this will ever happen with
SUGO based on the facts.
Using a similar number or a number I recall seeing of 600.00 per ounce of gold for SUGO to extract it this is what I come up with:
To extract 100K ounces of gold from Mesa:
100k x 600.00 (estimated cost)
60M dollars to extract the gold.
Amount of earth processed:
100k / .37 ounce per tonne
270M tonnes of earth mined and processed
Manpower, equipment, processing time, loans,
JV's - electricity, fuel costs all add up (fast).
100k x 1850.00 per ounce of gold
185M dollars (potential gross)
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