Short, there are people around here who are PHd's and know the numbers backwards and forwards. They know financing, geology, mining, the history of mining, the stock market, the penny stock market, economics, risk management and the details about everything else under the sun. So, when it comes to numbers I research and prove them to myself before I ever comment. Example: 20,000 oz. produced at $1500 oz. = $30,000,000. I will actually be somewhat less that that. Could be 20% less after refining and smelting. So, if you need 20,000 to make up the difference you increase production. Cost per ounce or cost per ton or any way you want to look at it you won't know for sure til you get there. But let's say $600 per once. An old standard I read said $65 per ton so if you are somewhere between .01 and .02 oz/g per ton it's close. It's probably going to be higher cost per ton but don't know yet and nowadays there are a lots of economies of scale in the mining industry that were not available 10 to 20 years ago. So, we are sitting on about $18,000,000 gross profit at this level. This is very cool but it's proforma and true it is proforma that a lender will put up some money based on pro forma but each have their own underwriting standards and meet all them or wait until you do. I bought some land once from a group who came to us with and offer for us to put up 100% of the investment for 80% of the project. We ended up putting up the money and owning 80% of the project. These guys did a great of job of putting the entitlements together. In that case they were happy with deal. This kind of deal is a no brainer for the lender/investor. Tough on the seller or borrower. The money is out there, getting hold of some of it on the right terms regardless of the value of the collateral is difficult. Because DGRI is not a fire sale property it is wise to take the time to find the right lender/partner to work with whose underwriters know what they are doing.
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