First of all, you raised question about the $600 cost per ounce. I simply dug the info from HEG official web site which stating 5g/t is the cutoff grade. I pointed out the info was quite old. No new figure is given by anybody until yesterday from you.
Secondly, quite a few poeple questioned your figure and you never gave direct answer. Instead, you hint that we were kept blind by the company.
Thirdly, the 300 ounce per day output and $195000 profit are came from you, not me! HEG pitifully only processes 24t/d. From previous anns, we knew the high grade ore contains 2.3 ounce gold per tonne. 24 * 2.3 = 55.2 ounce. $650 * 55.2 = $35880. That is the best figure we can expect at this stage. Does it supprise you?
Finally, again, where do you get the $600 cost from? Please!
HEG Price at posting:
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