CJTF DIVIDEND PROJECTIONS
Gold Grade est at .15 to .25 ounces per ton. .15 oz/t .25 oz/t .
Gold Price est. at $1250/ounce $187.50/t $312.00/t
Silver Grade at 2.00 to 3.00 ounces per ton 2.00 oz/t 3.00 oz/t
Silver Price at $18/ounce 36.00/t 54.00/t
Combined Estimated Value Per Ton $223.50/t $366.00/t
Total Tons Processed in Tons per Year 1,000,000 tons 1,000,000 tons
Gross Revenue Per Year $223,500,000 $366,000,000
Estimated Mining & Processing Costs (35%) -78,000,000 -78,000,000
Allowance for Taxes (35%) -50,000,000 -100,000,000
Net to Owners $ 95,000,000 $188,000,000
Co-Owner -47,500,000 94,000,000
Projected Net Income to Company $ 47,500,000 94,000,000
Projected 75% Dividends $ 35,625,000 $ 70,500,000
Dividends Per Share (Assuming 400 M Shares) $.09/share $.17/share
These dividend estimates have been approved by the company as a corporate governance range for dividends