Replies to post #27052 on Colorado Goldfields Inc. (fka CGFI)

[mike495]

I guess you only got half of the message.I'll just redo it and maybe it will look better.Anyway;here is the whole calculation. This is an excerpt from the company NR on 29 sept,2011 posted by Burkhard on 16 oct,2011
Quote:Historical assay results for the King Solomon Mine have revealed gold at 0.15 ounce per ton, but more importantly silver content as high as 42 ounces per ton. At $35.75 per ounce for silver, that represents about $1,500 in dollar value per ton. Combined with gold at $1,500 per ounce, total value per ton could be as high as$1725. With those #'s X 700TPD mill capacity,We are looking at potentially $1,207,500 day revenue.And some analysts are projecting much higher metal prices .And that is only one of our mines.When I look whats ahead for us,all I see is $$$$$$ (The quote ends after $1725)