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Tuesday, October 30, 2012 12:39:05 PM
Phase 1 of the MPP is exclusive to processing ore through the mill supplied from the 71,734 tonne stockpile onsite with an average grade of 1.66 g/t Au (gold)
But, they claim they had revenues of $3.14 million from 9000 tons of ore in the stockpile.
Well let's see 1.66 g/ton times 9000 = 14,940 grams of gold which equals 527 ounces of gold! And at $1700 that is total revenue of drumroll please = $368,900. This also considering 100% recovery and no one gets 100% it is between 50 and 70%.
Please don't say what about the silver. It is considered a by-product in gold mining because of the way gold is processed from the ore or extracted and not reported by gold mining companies - please see Goldcorp mines in Mexico.
Oh, what a tangled web we weave, when first we practice to deceive.
SRGE is all deceit, press releases, unaudited financials, fake financing companies that exist only in SRGE press releases... the list is endless with this scamming Pump and Dump.
IG
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