DEG 1.46% $1.39 de grey mining limited

Source Hunting, page-31

  1. 660 Posts.
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    GT55.  Based on posts on CEO.CA/Novo, the Farno operation consisted of the owner and 2 workers.  In 6 months of work Farno produced approximately 241 ounces.  That's $351,000 for 6 months less expenses less taxes.  They were running an excavator and trucks in the middle of nowhere.  And had to pay a mill to process the ore.  Posters on CEO.CA estimated total income after taxes for 6 months at $100,000.  Farno/McMahon got 8 million in cash and stock which according to CEO.CA posters is 40 years of profit with no discount.  Duh.
 
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