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Tuesday, February 25, 2014 7:24:45 AM
You start by adding 4 years worth together (365*3)+366. Divide this figure by 7 to get number of weeks in that time, then multiply by 5 for number of work days in that time. Now you have the number of work days for 4 years, so divide by 48 and you get the average number of work days per month=21.741. This of course does not account for overtime, or 4 day work weeks for holidays-
12 x 21.741 = 260.52 Tons per month
$100,000 / 260.52 = $383 per ton Gross
if the net is $12,500/ month avg and you divide that by the same number of working days as before...
$12,500/ 21.741 = $574/day daily net
and take the calculated daily net divided by the avg. tons per day...
$574 / 12 = $47.83 per ton-
Now what I can't answer is at what price per ounce the original gross and net were given, but the point is-
is just another in a series of false statements.
enjoy
~KP
I Don't Need A Disclaimer
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