high grade gold & moly

15 Gold properties & 1 Molybdenum resource - Beardmore & Geraldton, N/W Ontario.

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Message: Re: ROXMARK the true play............

Well said Arcaine,

Roxmark also has the best location as for as infrastructure and roads. All the power lines, best roads, closer to a workforce. RMK will be producing gold and moly years before any competition,,,,and when that day comes RMK will be cash positive with money flowing into the bank. Lot's of money.

I just saw a news story from Metanor concerning the companies plan to begin mining/milling operations at the old Bachelor Mine. The costs should be similar for RMK as both companies would be doing underground mining with similar grades/geography.

Metanor is predicting 92.00 an ounce on average,,,but they still have to build a mill and upgrade the headframe ect.

So RMK should have similar cost, if not less per ounce due to RMK has a slightly higher grade. Off the top of my head,,,I came up with these numbers,,,and they don't take into consideration Premier's work on the other camp or if RMK increased mill capacity to 500 tpd.

I would say we should have a 650.00 an ounce profit if we use those numbers,,,,at 250 tpd and a grade of .40 ounce pt,,,,,that would mean RMK should produce 100 ounce per day without too much difficulty.

That's 65,000 profit per day,,,,at 30 days per week=1.9 million profit a month,,,,at 12 months a year= 22.8 million profit per year.

22.8 million divided by 145 million shares= .157 cents per share profit,,,,,at a PE of 10,,,,and you have a 1.56 cent a share price. Like I've been saying,,,I think we are way undervalued.

Bachelor Costs

The underground mining costs for the method chosen are Long-hole ($61.44/t), Alimak vein mining ($66.65/t) and Shrinkage ($83.10/t). The average mining costs for all these methods and including stope development, mining and services costs is $37.51 /t. or mining cots of $66.54/t (with administration).

West Zone costs : The average total cost for underground mining of a total of 76,000t of ore are $6,995,340 or $92.04/t and include milling at 750tpd and include underground development, ore mining, crushing, transportation, milling and administration.

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