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steelpiston71

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steelpiston71

Re: cliffvb post# 26669

Wednesday, 11/16/2011 3:01:55 PM

Wednesday, November 16, 2011 3:01:55 PM

Post# of 35736
Shandong Gold 19.41 tons of Gold would be worth the following using $1200 per oz of Gold in 2010:

19.41 x 2000 x 16 x 1200 = 745.34 Million, not 64 Billion.

"Shandong Gold, a state-owned company, is one of China’s top three gold miners. Its listed arm produced 19.41 tonnes of mined gold in 2010. The group has said it owns about 800 tonnes of gold resources"
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