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jotuk6771

03/27/14 2:19 PM

#45219 RE: Mainesbest #45218

Absolutely ... ;0)

"I believe they assigned a value of $180,000 to the 500MT already mined"
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GO4AWILDRIDE

03/27/14 4:13 PM

#45229 RE: Mainesbest #45218

Maine

There's no way the $180,000 represents the full 500 metric tons.

That would mean the price per ton would only be $360.00

Antimony is going around $10,000 a ton at much higher concentrate level than what we have but it is not valued at only $360 a ton.

$180,000/36 metric tons gives $5000 a ton which is in line with the value of 36 metric tons shipped.

500 metric tons would have a value of around $2.5 million


GO4AWILDRIDE