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Bruce the Stock Guy

06/17/09 10:43 AM

#1664 RE: RyGuy #1662

800,629 multiplied by $930 per ounce gold prices and we get a value of $744,584,970.<<<<<<<<<<Did you factor in the cost of production?

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goldbug2

06/17/09 11:01 AM

#1668 RE: RyGuy #1662

rylawi, there are 22.7 million tons, so it would be 22,700,000,000 kilos. LMAO! But it's 22.7 million tons of sand, not gold. Each ton of sand has just 2.49 grams of gold.

So 22,700,000 x 2.47 gms / 31 gms = 1,808,677 ounces x $930 = $1,682,069,610.