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  4. Mining Global Inc. (MNGG) Message Board

I was looking at my notes and I Did see where cong

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Post# of 12259
Posted On: 02/07/2015 12:33:06 PM
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Posted By: bruzy
Re: Natural Treasures #5318
I was looking at my notes and I Did see where congress could be expanded to 1.2 million tons , congress tailings are in piles and can be measured and weight calculated.There is only 1 huge pile of ore at keystone at keystone that can be measured that is where the 850,000 tons number came from.At congress the 1.2 million has an approximate estimate of 10 tons to one ounce also=120,000 ounces =$130,000,000.00,being that it is ready for processing mngg gives up 50% of that to royalties.Keystone having up to 40 acres that can be chipped up for tailings cannot be calculated yet only the 850,000 tons which would still net about 85,000 ounces.Between the 2 mines there is about 200,000 ounces of gold ready to be harvested which is a quarter of a billion in revenue with keystone having a huge upside to that number,you also need to add mngg llc of Ghana numbers to all of that


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