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sanbrunobaby

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sanbrunobaby

Re: lesgetrich post# 60984

Friday, 01/25/2013 5:21:17 PM

Friday, January 25, 2013 5:21:17 PM

Post# of 67010
The $120 million value is based on an internal report of the amount metal in the ground based on at best a "resource" as no reserves have been established.

This is before substracting (a)CAPEX (b) costs of recovering metals (c) cost of mining and milling metals. (d) costs of deductons made by smelters prior to payment.

So I am unsure why this figure would be used for any sort of valuation.

However, it does at least show that there is a lot of potential if management can realize it.





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