Replies to post #5338 on Sterling Group Ventures Inc. (fka SGGV)

[Refill]

"Baolin is also building the new processing plant near Gaoping property to reduce the transportation cost."

I think this is new?

[Mike2112]

Well as of May 7th PR we had approx 500 tonnes of ore mined and according to May 31 10K results Hongyu has so far mined about 1,843 tonnes of ore.

So we are mining ~500 tonnes per week as a starting point with speed and amount of ore mined to increase as time goes on.......imo and according to the company...

so we should have minimally around ~8-9,000 tonnes mined to date....

so at lower figure P205 rate of 20 yuan per tonne (can be 30 based on quality) that is about 180k Yuan which is ~$60k operating revenue plus whatever (if any) fertilizer sales have been made at a minimum...imo