My Rubber man figures are different....
Break even at 500g a day, expect 1000g a day or say 16 ounces a day above break even.
16 x $1200 x 350 days = $6.72M
50% owned so therefore say Profit from reading the announcement is something like $3.36M
I could be way off as I'm not to familiar with gold mining, but IMHO from the announcement that's what I get.
Always happy to be shown otherwise
Ann: ILR Update, page-4
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