Posted On: 01/12/2013 11:56:59 AM
Post# of 1850
I think the real question is, what is the true value of the sands? We don't know yet and $2500 is the absolute minimum given that the processor is likely to have negotiated better than a 60-40 split. And, we know that other processors are giving around $2400 just for the mineral content if the sand. Assuming similar margins, I put he value of the sands with gold of between $5k and $10k. At the low end of that estimate and a 12 x 7 operations time, you can get almost $3M/ week in revenues. Yes, it will take some time to get to that throughput. And yes, we still don't know the real value of the sands yet, but, I think this PR indicates they are on the right track. Finally, once the processing plant is up the operations can be handed over to ops managers and a focus on land based mining I exploration can begin in SL and continued in Ghana.
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DSUS -
JMHO---
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Drone Services USA - aka DSUSA!!
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