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Re: Lakestarbob post# 17343

Sunday, 03/17/2013 1:38:09 AM

Sunday, March 17, 2013 1:38:09 AM

Post# of 30708
Even though your estimates are based on no factual information (other than the type of equipment and some fairly conservative production rates), I guess we can play along.

But remember, gross production does not equal profit. If it takes $5 to mine and process a ton of dirt, and you get $4 worth of gold out of it, you lose. Also remember that your costs include the expense of financing (remember Tonaquint?).