He did account for the private investor cut:
From reading through the company’s filings, the company will only get Net Profits of 25% of what is pulled out of the ground because of not having to account for any of the expenses to sure up the property and fund the Small Scale Mining Operations. So…
$48,600,000 x .25 = $12,150,000 of 100% Net Income per bond (NI) per 9 months
the valuation continues from those numbers.
and he also acknowledged......
What if the grade of .324 ounces of gold turns out to be 5 time less being a mere .0648 ounces of gold per ton?
Or what if the company instead of pulling out of the ground 350 tons of earth per day can only pull out 70 tons of earth per day?
This is his own opinion based on the information available. What more can you ask of a person?
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