TODAY'S DISCOVERY, TOMORROW'S FUTURE

Creating shareholder wealth by advancing gold projects through the exploration and mine development cycle.

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Message: Re: $500 per ounce?

Feb 04, 2011 04:59PM
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tau
Feb 04, 2011 09:13PM
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Feb 04, 2011 09:50PM
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Feb 05, 2011 03:36PM

The $500.00/ounce pricing refers to what it would cost to produce an ounce of gold AFTER everything is up and running. That would be the cost of labour, power, administration, etc.

The feasibility study will determine what the cost will be to build all the infrastructure to get to the point of production, and how many months of production it will take to make up those costs. Based on that, it will determine a rate of return on capital. Based on that, it will determine if the whole thing is worthwhile.

Before that happens, we will need to issue more shares. Hopefully, our stock price will continue its upward trend, before that happens, to minimize dilution.

After the feasibility study, the money to build the infrastructure will come from credit extended to the company in the form of loans.

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Feb 05, 2011 07:06PM
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Feb 05, 2011 08:39PM
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Feb 09, 2011 03:49PM
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Feb 11, 2011 11:19PM
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Feb 15, 2011 09:31PM
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