CJTF Company Highlights Low float with a wide
Post# of 25555
Posted On: 09/03/2013 12:21:44 AM
[b]CJTF >>Company Highlights[/b]
Low float with a wide open chart
CJTF controls stockpiled ore near Asset 26
Precious Metals market is set for a rebound
Check out who else is mining in the area:
Barrick Gold (ABX), Newmont Mining (NEW),
Allied Nevada (ANV), Pershing Gold (PGLC)
Annual Report Detailing Mining Claims: http://www.cjtmining.com/2012_Annual_Report,_080513.pdf
Historic gold grades range from .01 ounces per ton (opt)
Au to .527 opt Au; silver concentrations range from 1.25 opt Ag to 47.8 opt Ag.
The ratio of silver to gold increases to the west and southwest.
Rate of recovery is estimated at 60%. 60% x 500,000 tons equals 300,000 tons net. .
300,000 tons x $195 = Gross Revenue of $ 58,500,000
Or 300,000 tons x 6 oz ag = 1,8M oz @ $25/oz = $45M And 300,000 tons
x .03 oz gold = 9k oz au @ $1500/oz = $13.5M… Combine $45 & !3.5 = $58.5M
Cost to Mine and Haul 500,000 tons x $14 - 7,000,000
Cost to Process to Dore Bars 500,000 tons x $14 -7,000,000
Projected Gross Profit Before Distribution to Owners $ 44,500,000
Projected CJT Mining 50% Share of Gross Profit $ 22,250,000
(taken from annual report)
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