Ann: Cerro Bayo Silver-Gold Project - Investor Presentation, page-38

It just goes to show how profitable this Mine could be once Mining fresh ore and not processing stockpiles like previous owner did....

Looking back , even processing stockpiled crap it was ok with an AISC of US$1,505 processing crap low-grade stockpiles.






Poor buggers, it looks like that Oil /Fuel spike up to $120 caused there problems as they were ok until then...... Looks like they endured Oil going from $50 -> $120 which is almost tripling.




OMG !! The low grade stockpiles are just AG 25 g/t !!!!!!!! compare that to if they processed freshly Mined +200 g/t Ore !



Conclusion:

The previous owner has done us a huge favor in getting rid of all the residual Staff with Huge payout costs, giving us a fresh clean slate to start fresh with.

The previous MD being a Jewish Sydney Banker with no mining experience, as a previous EQE shareholder has pointed out, is a great thing when compared to our Bellevue Gold Chairman & Directors being about as good as it get's to take control..

Funny thing is, with Electric Mining trucks now days that could be refueled by our huge Free Wind turbines each night, maybe previous fuel issues can be overcome.

Anyway.................forget about that for the next 12 months as they Drill, Drill, Drill & Get the resource above +50 million ounces @ +200 gpt with a rising Silver price and when silver gets anywhere above $25 then they could probably turn the processing plant back on if they wanted too...

If Silver Get's anywhere near $30 then this thing turns into the Golden Goose & Maybe Newcrest directors who wanted to buy it last year come back to the table for +$100 million or $1.40 a MMC share...


Anyway you look at this, it's an incredible silver exposure for a bargain basement price of MMC market cap just $22 million today ....


And as Ray Shorrocks pointed out in his presentation, all bought for 16c per ounce Silver when most mining Sales occur valuing the silver above $1.20 per ounce resource.


Holy smokes if Silver finally catches up to Gold and gets to $45 ....

Holy Captain Kangaroo if this below happens !








And sleep well knowing the Fuel that is going to get us there is unlimited .... US DEBT ....








Yes, that's TRILLION !