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  4. Mining Global Inc. (MNGG) Message Board

Both were about 10 tons to one ounce , congress ha

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Post# of 12259
Posted On: 02/12/2015 12:56:39 PM
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Posted By: bruzy
Re: eater7 #5483
Both were about 10 tons to one ounce , congress has to give up 50% to mine owner in royalties but there is less labor because the ore is partialy ground up and in nice neat piles ready to be processed.Keystone has to be paid 20% in royalties be it is labor intensive .Congress has up to 1.2 million in tailings ready, 120,000 ounces of gold$140,000,000.00 which mngg will get 70 million of.Keystone has 850,000 tons ready to be processed which 85,000 ounces of gold = about $105,000,000.00 which mngg will get 90 million of.Of course you you have a lt ofexpences but mngg will get about $150,000,000.00 between both mines after royolties.Keystone has a lot more upside when it is expanded to 80 acres and also you have to add ghana.Buy the time all that gold is harvested the OS will be about 1 billion


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