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Re: bewenched post# 12637

Friday, 01/20/2012 10:16:08 PM

Friday, January 20, 2012 10:16:08 PM

Post# of 27840
Don't worry! Mr. Peterson told me that right now they are moving forward according to their plan, and it is updated in their website under operation part. Here's my math:
9,600,000 tons of recoverable ore divided by 30 years=320,000 tons per year, just be conservative, .75 oz of gold per ton will yield 240,000 oz of gold per year. Then just times $600 per oz(profit) by 240,000 oz will generate $144,000,000 per year for profit. CRWV gets half of the profit, so it will be $72,000,000 for CRWV.
pps calculation= $72,000,000/400,000,000 shares*20=$3.6 per share