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risk on

04/06/11 8:19 PM

#18808 RE: Beau1954 #18806

Beau - good DD
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Radar02

04/06/11 8:50 PM

#18815 RE: Beau1954 #18806

Beau where did you come up with that number 100 lbs. per ton?

If that is a accurate number we may be making $20,000.00 per hour, just in

sand.
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daggfish

04/06/11 8:51 PM

#18816 RE: Beau1954 #18806

lets dissect this a bit further...we dont know if they are referring to short ton or long ton so lets use short at 2000 pounds per ton...
now we know they plan on processing 1800 tons of material per day for all 3 dredges...or 3.6 million pounds if they are estimating 100 pounds of black sand per ton that would equate to 1.8 tons or 36,000 lbs of black sand per day at $8,000 per ton of black sand that would equate to $14,400 worth of black sand per day

add this to the already estimated gold recovery numbers of 1 gram of gold per ton 1800 grams divide by 31.1 to convert to ounces equates to 57.8 ounces of gold daily multiply by $1400.00 per ounce equals $81,000 per day in gold recovery

$81K gold + $14,400 in black sands= $95,000 in goods processed daily...which is reasonably close to estimates of $100,000 per day

now even if we operate at half of that production we still would be close to $50,000 per day! This is what we need to stay focused on not the charts and day to day tenths of a penny because when these numbers are officially announced lookout!