daytrading june 4 morning, page-102

RE: PNE

Watch out for costs guys.

They say it doesn't cost much but release no actual figures.

that 'profit' of 300k per month you guys are assuming is more likely much less.

i.e. lets say C3 costs of $700/tonne it comes to 20000*0.5(g/t)/~31(g/troy ounce)*700 profit ($/troy ounce)* 50% = ~$112000/month (50% after costs)

at $1k C3 costs (average) it would be around 60k/month.

While not a bad deal, still less than their current admin fees.

Just something to consider.