Replies to post #28412 on Calissio Resources Group Inc (CRGP)

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It's only 40 square miles of surface........not a problem. Maybe they have a math problem with that as well though....because I am still trying to figure out how they sold Copper at a net value that is above current gross value. Not to mention...but then again I am....how they get this figure:

45 million tonnes of ore

Average grade of 0.80 lbs per tonne (cut-off grade of 0.2 lbs per tonne)

36,000,000 tonnes or 792,000,000 lbs. Cu.

.....uhhh....that would be 18,000 tons of copper..but i am drinking.....so maybe I'm a little off.


but then again:

The initial 250 hectare parcel is currently viewed to contain the following assumptions:

70,875,000 lbs of copper concentrate for every 250 hectares

Net revenue per 250 hectares sector of approximately $3.20-$1.10=2.10 *70,875,000= $141,750,000 USD

????..so how did they net ...The Company produced 1,142,000 lbs. of copper combined from their two operating mines at La Jovita and San Pedro during that period. Combined net revenue for Q2 was US$4,098,495 ....?....wait.....they contradict themselves......?...I still can't believe they printed that..and individuals read that.... and saw nothing?....damn scary..eh?