The fact that the white channel had any gold left at all is huge. This is all good practice for the miners for the real deal in 10-15 weeks mining the black channel.
Today our mining crew can remove 100 tons of gravels per week from a channel. With practice that should easily be 150 tons per week by the time we reach the actual gold targets. Throw in a 2nd shift to get to 300 tons per week. These are targets we should achieve if not surpass this coming summer without any costly equipment upgrades.
The Black channel historically averages .164 ounces per ton. This comes out to 50 ounces per week at .164 Ounces/Ton X 300 Tons = 50 ounces per week.
200 ounces per month @ $1,325.00 = $265,000.00 per month. Costs would be $150,000.00 - $175,000.00.
We could be profitably mining the Ruby by mid summer. Throw in some upgrades and additional shifts to get the gravels up to the targets of 375 tons per day in 2015 and those profits will skyrocket.
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