OK Bob Here is best I can do re the estimates of PROFITS that Don Ramon will produce from their initial property. Without Gold or other properties that they hold
I TON mined from Don Ramon mine contains {after assay
9% Zinc= 198 lbs at .80/lb = $158.00
3% Lead= 66 lbs at .90/lb = $ 59.00
309grSilver= 9.09oz at $16.00 =$158.00
Total $375.00
Recovery rate-conservative at 85%= $318.75
discount to buyer 5-15% at 15% $270.00
All costs producing the 1ton minerals $80.00
Net Profit to TARM $190.00
expected 100tons production a day=100x190.00 x 25 days [a month]= $477,343.00 x 12 months= $ 5,782,125.00
At 200tons a day = $11,564,250.00
At 300tons a day = $23,128.500.00 {if gold would be higher}
Do you really think The Don Ramon would hve been started if they postulated a LOSS? like you had posted.
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