Production Value Growth Value of Production Esti
Post# of 64
Posted On: 09/16/2015 9:13:06 AM
Production Value Growth
Value of Production Estimated to Grow to $500 Million Per Year
(Las Vegas, Nevada, September 16th, 2015)
Gold and Silver Mining of Nevada, Inc. ("CJTF"
(PINK SHEETS:CJTF) a junior mining company
in Nevada, today released estimates for the value production forecast in the next few years.
At launch, the facility will be capable of processing 1,000 tons of ore per day, increasing up to
5,000 tons per day. Permit applications will be made over the next year.
Production is slated to begin as soon as one year after the completion of the sample gathering
and resource estimating phase is completed, with production able to start as early as 2017.
As we grow the development of our Goldfield Basin properties we estimate that we will grow
the production of finished product from 90,000 ounces to 450,000 ounces of gold per year
when we reach the 5,000 tons per day threshold. At today’s prices the gross value of finished
product is estimated to be $500 million per year.
At $400 per ounce in projected all in costs plus overhead of $25 million per year, we estimate
total costs of production at $205 million which nets an estimated $295 million to the company
and its’ co-owner.
The present value of this net income stream using a 3% time value of money and 72 year life of
the mine is $20.62 billion.
Value of Production Estimated to Grow to $500 Million Per Year
(Las Vegas, Nevada, September 16th, 2015)
Gold and Silver Mining of Nevada, Inc. ("CJTF"
(PINK SHEETS:CJTF) a junior mining company in Nevada, today released estimates for the value production forecast in the next few years.
At launch, the facility will be capable of processing 1,000 tons of ore per day, increasing up to
5,000 tons per day. Permit applications will be made over the next year.
Production is slated to begin as soon as one year after the completion of the sample gathering
and resource estimating phase is completed, with production able to start as early as 2017.
As we grow the development of our Goldfield Basin properties we estimate that we will grow
the production of finished product from 90,000 ounces to 450,000 ounces of gold per year
when we reach the 5,000 tons per day threshold. At today’s prices the gross value of finished
product is estimated to be $500 million per year.
At $400 per ounce in projected all in costs plus overhead of $25 million per year, we estimate
total costs of production at $205 million which nets an estimated $295 million to the company
and its’ co-owner.
The present value of this net income stream using a 3% time value of money and 72 year life of
the mine is $20.62 billion.
(0)
(0)