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gold production at $90 an ounce!!, page-9

  1. Hanrahan
    47,086 Posts.
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    01/06/09
    14:26
    Post #: 5227804
    So what has happened to the 100k ounces?

    In Parrot's post they are talking about 63k ozs gold equivalent. Half of that is in the silver so there is just 30k ozs of actual gold to be sold. The silver is credited as byproduct [hence the $90/oz] and it's actual sales revenue will be $30kX[POG-90].

    I think someone was multiplying the eq figure as the gold figure. It makes a big difference.
    TRY Price at posting: $1.63 Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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