Replies to post #101860 on Strategic Asset Leasing Inc (fka LEAS)

[Maestro111]

So 908,000 ounces of gold is not a big payout?

Current price of gold is $1,638/ounce*908,000 ounces
http://www.goldprice.org/

Potentially
$1,487,304,000

The Lobo Marte mine is soon to be active, so Kinross must think it is a pretty good payout as well.

Lobo-Marte, Chile
Lobo-Marte is a development stage asset with a large resource, located in the Maricunga district near current Kinross operations

Kinross has completed an update to its earlier pre-feasibility study on Lobo-Marte. The updated study is based on a mine life of approximately 10 years and confirms the viability of a 47,000 tonne per day open pit heap leach operation incorporating SART (Sulphidization, Acidification, Recycling and Thickening) technology. The updated study estimates an average annual production of approximately 350,000 ounces per year, with average operating costs of $11.00-11.50 per tonne. The average gold grade over the life of mine is estimated to be 1.17g/t and average recovery of 60 - 70%.



If MMTE's concessions are even close to these kind gold reserves, holy cow, and given Kinross' exploitable concession are immediately adjacent to MMTE's I think they very well could be.