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Message: High School Math

A little math to keep the perspective…

Here's what we are supposed to believe:
800tpd X 1.6gpt = 1280g/day
1280grams / 31.1 (g per troy ounce) = 41 ounces per day x $1700 = $70,000.

However I say they are actually producing as a low end estimate right now:
1500tpd x 3gpt = 4500g/day
4500g/day / 31.1 = 145 ounces per day x $1700 = $245,000 (yes, that is ONE QUARTER MILLION PER DAY).

Using a more reasonable estimate for the 4th quarter, based on real DATA:
2000tpd X 4.5gpt = 9000 g/day
9000g/day / 31.1 = 290 ounces per day x $1700 = $490,000 (Yes, YOU READ CORRECTLY)

(Bear in mind I am only discussing Lamaque – throw in another 25,000 ounces per year for San Juan = $42 million)

So, once commerical production is declared, we will be grossing 222 MILLION per year . This means that even at 500 million share float each of those shares will be earning 44 cents. Hey, that's not bad at our current 25 cents per share is it?

Or, would you prefer to own 0.4 of that, which you will do if WTG and the CMM Board gets its way. Does everyone get why the circus is trying so hard to RAM this merger through and fleece the minority shareholders – it is GREED – which means don't succumb to the FEAR!

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