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Tuesday, January 03, 2012 10:43:57 PM
Now what the company said was 70% of the proceeds for outlaying all the capital and all the resources. I am not sure how you came to this conclusion.
Definition of net profit - Often referred to as the bottom line , net profit is calculated by subtracting a company's total expenses from total revenue.
Not that I believe any of your numbers based on the success of placer mines in Utah but I figured I would at least address this initial error in calculations. since start up costs are significant up front and will only stabilize once production is in a full capacity you can assume a large expense fee for awhile. How much do you think it costs to just get operations up and functioning with equipment and over how long a period when nothing is being produced?
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