Replies to post #5429 on US Precious Metals (fka USPR)

[mongoose64801]

I think the trucking cost quoted was current transportation cost of the ore that is currently under contract to process. Bare in mind there is an untold amount of low grade gold reserves in Nevada. Currently they heap it up and spray sodium cyanide on it to leach out the gold. This plant location in 29 Palms is a pretty good location to gain processing contracts if the process extracts significantly more gold than cyanide leaching. Not to mention the EPA would love this process vs cyanide.

I think I understood management to say they would plan on building a plant in Mexico if reserves warrant the cost.

[Student of the Game]

BTW, the trucking costs mentioned were per tractor trailer load.

The $50,000 net minimum/tn is for the first 20 consecutive days needed as a benchmark to consummate this transaction.

The expectation when fully operational is for 300 days/year, 10tn/day and $150,000 yield/tn. This results in $450M/yr with $150M/yr going to USPR. USPR would continue to receive the same structure with expansion up to 29tn/day


Relaxed and VERY Confident!!!