capital raising, page-8

Micky

your numbers are quite absurd it seems to me

here are my modifications to your numbers

MCO could easily extract 150 tons per day
150 x 250 = 37,500 tonnes per year
Lets say grade is 28.5 g/t (0.92 oz/t)
Cash costs $250/t = $270/oz
Lets say they make a healthy $910 per ounce and produce 34,500 oz/yr

Profit = $31 million

Now last years expenditure came in at $3.6 million.
$2.8m on exploration, $0.61 million on administration.

$31mil - $3.6mil = $27 million.

So they could make $27 million for the year.