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Re: gharma post# 1372

Friday, 04/19/2013 2:47:28 AM

Friday, April 19, 2013 2:47:28 AM

Post# of 1893
Gharma, I may be not understanding what you are saying. If you are saying that the cost per ounce is 1470.00 please review below. It is confusing, but I have it figured much lower for break even. If I have figured something wrong, please let me know.

1600.-130=1470 X (gold produced) 22672= 33.3M Total income for the Quarter was 33.3M Instead they made $4.4M even after the non recurring charge of nearly $6M
for the re-purchase of the gold stream. I would also think that as gold production goes up the total cost being spread over more ounces would reduce it also.
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