Replies to post #996 on Explor Resources Inc. (fka EXSFF)

[dpjg16]

Assuming gold price at 1500 per ounce and cost of extraction is $ 350 p/t then I can see where 6 to g p/t comes from however this does not account for overheads taxes etc.
Personally I think $ 350 as a cost of extraction is too low specially in the start up phase.
Realistically speaking I still think that it should be in the region of 8 to 9 ounces which is comparable to the South African mines remembering that their labor and other costs are comparatively lower.
For anyone interested I have made up a spreadsheet where you can change some of the variables to arrive at EPS. Drop me an email at [e-mail] with I HUB in the subject line and i will send it to you.
Gd Nite till tomorrow.


GRAMS OUNCES GOLD COST SALES
OF
EXRTACTION




1 0.04 1500 350 53 -297
2 0.07 1500 350 106 -244
3 0.11 1500 350 159 -191
4 0.14 1500 350 212 -138
5 0.18 1500 350 265 -85
6 0.21 1500 350 317 -33
7 0.25 1500 350 370 20
8 0.28 1500 350 423 73
9 0.32 1500 350 476 126
10 0.35 1500 350 529 179
11 0.39 1500 350 582 232
12 0.42 1500 350 635 285
13 0.46 1500 350 688 338
14 0.49 1500 350 741 391
15 0.53 1500 350 794 444
16 0.56 1500 350 847 497
17 0.60 1500 350 899 549
18 0.63 1500 350 952 602
19 0.67 1500 350 1005 655
20 0.71 1500 350 1058 708
21 0.74 1500 350 1111 761
22 0.78 1500 350 1164 814
23 0.81 1500 350 1217 867
24 0.85 1500 350 1270 920
25 0.88 1500 350 1323 973
26 0.92 1500 350 1376 1026
27 0.95 1500 350 1429 1079
28 0.99 1500 350 1481 1131
29 1.02 1500 350 1534 1184