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GS1

04/06/13 12:47 AM

#8121 RE: ReLoad25 #8120

In VGHI website, there are other business Gold and oil and gas properties listed. Do you know if they still have interest in them coz that is real money...
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Rsrch1st

04/06/13 1:03 AM

#8124 RE: ReLoad25 #8120

24 million tons X $61/tn = $1,464,000,000. These deposits in the Illinois basin are being extracted for as little as $20/tn. All in if costs are $40/tn (assuming the seam below goes much deeper) then profit margin is 34.4% for a profit of $504,000,000. If costs are $50/tn profit margin is 18% and profit is $254,000,000. There will be bumps along the way, but the point is this is a real company in a still vital industry staring at real revenues, real profits and tons of opportunity.

And it's not as if Landree Mine is its only property.