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Tuesday, January 03, 2012 9:08:29 PM
Correct me if I am wrong, from the news releases:
ABOT Mining has further received encouraging initial flotation engineering results, indicating a recovery value of 89.00% of the Au and Ag and show 2.51 ounces of Au and 19.00 ounces of Ag per metric ton. Based on these criteria, ABOT Mining has contacted several mills and is in advance negotiation to finalize contract terms in order to define refining costs and to establish acceptable recovery rates for its Ore supply.
"We are extremely positive about the possibilities of this initial production test run of 1,000 tons of ore. The testing process shall provide us invaluable information on our Ore supply and should put us on the fast track to become a revenue generating company in the near future,"
at 2.51 ounces of Au per metric ton, we have 1000 x 2.51 = 2510 ounces of gold times 1500 dollar per gold, is approximately 3 million dollars of revenue anticipated
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