Replies to post #1025 on Explor Resources Inc. (fka EXSFF)

[dpjg16]

Joeiniowa. So if it costs $575 per ton then we would need at least
11 g p/t to break even.


11g p/t = 0.39 Troy Ounces x $1500.00 per Ounce = $582
$582 - $575 = $ 7.00 Per ton profit.

So when production costs drop then to say

7g p/t = 0.25 troy Ounces x $1500.00 per Ounce = $ 350
$ 370 - 350 = $ 20 per ton profit.

So I would say that the 6g p/t is for very efficient well established mining operation.

The exciting bit is when gold reaches $ 3000 per Oz and higher
we will see some stellar profits.

Will gold reach these levels? I say yes with the Fed printing money how can there not be inflation.

Remember when Oil was $15.00 per barrel it was suppressed for a long time but after that adjusted to reflect a more realistic value.