Good point. Didn't the Hazen report indicate a 14.4g/ton
Good point. Didn't the Hazen report indicate a 14.4g/ton gold content? As such, the base value of the sands would be $792/ Ton based solely on the gold content. Given the $1200 base sell price and a likely target margin of said processor of at least 60%, they must have identified "other" goodies in the sand worth at least an additional $1600/ Ton. It will be very interesting to see what the finished tally is.
BTW, when they get their phase 1 plant up and running, they will have a base revenue at 50% capacity of $3.6M/month and $7.2M/month at max capacity (83% uptime). Assuming the base value is approximately 25% of actual value (my guess here is a bit conservative, I know) we could see a target money revenue of close to $30M/month at 83% uptime. Not bad for a junior miner. Now, the real question is how many years to get to 83% uptime? Who knows...my guess is 2 years with 50% uptime by June.
JMHO, though.
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