Posted On: 02/05/2015 11:56:58 AM
Post# of 72747
SPXA: Merger Cannon Resources, LLC $19,966,400 in gold production in 2011. they are making 88-180% profit margin. This is huge!
'production costs ranging from $450-$670 a troy ounce'
'during the 2011 mining season, Cannon has produced 12,479 troy ounces of gold'
---->>12479*1600(averae gold price in 2011) = $19,966,400. Do the made at the low end profit margin of 88%!!
'production costs ranging from $450-$670 a troy ounce'
'during the 2011 mining season, Cannon has produced 12,479 troy ounces of gold'
---->>12479*1600(averae gold price in 2011) = $19,966,400. Do the made at the low end profit margin of 88%!!
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