I haven't gone through the numbers but one has to be careful. I owned a stock (Klondike Silver) which was a Hughes Group Company (which seemed to soley exist to mine the pockets of its investors). Back in 2008-2009 they mined a 500 tonne very/extremely high grade silver/lead/zinc bulk sample(88oz/tonne silver and nearly 70%/tonne lead )and the shareholders were all very excited to receive the estimated 1.5million dollars in revenue....well, after milling and transportation costs (obviously much more expensive for a lead/zinc concentrate ) the company managed to lose money on the whole endeavour!
Cheers and Happy New Year ,
Luker
of an bluebird on December 31, 2014 12:30 said:
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will get $500K from sampling