Cocktail Napkin mathematics I took all the rec

Cocktail Napkin mathematics

I took all the recent grades per ton and found an average grade of 1351 oz per ton.

Now with silver selling at $21.00 per ounce and lets say it takes $6.50 per ounce to mine and mill the ore that leaves a profit of $14.50 per ounce multiplied by the average grade (1351/t), well lets call the average grade 1,000 oz per ton that gives us ore valued at $14,500 a ton.

Now the company can sell from the sample piles up to 15,000 tons per year before the mine is fully permitted….. so they have a short term cash flow of $217.5 million dollars…..

Those numbers must be out of whack I think we can expect $5 million in sales this spring/summer that would backtrack to giving the ore a value of $333. per ton which is a grade of 23 oz per ton … probably more realistic at that rate.

Bottom line with 6 million in the float they do not need to go to the markets to raise cash to finish the adits and bring the mine up to current safety standards