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Re: Phatlander post# 48086

Wednesday, 10/23/2013 5:37:33 PM

Wednesday, October 23, 2013 5:37:33 PM

Post# of 130156
Well, my calculations were off by quite a bit. One more reason to always use a calculator instead of my noggin! But still, if the 500,000 oz potential production number is right at the current $1340 per oz price, that translates to $675,000,000 potential (using a calculator) minimum...remembering that one of the current nuggets found was jeweler's grade valued at double spot price or $2680 oz. It will be quite interesting to see what this mine will produce and at what grade. Irregardless, the upside potential here is enormous....and that is just based solely on the Ruby property. Looking forward to the long term future here!!!