PRX 0.00% 0.2¢ prodigy gold nl

how many ounces, page-122

  1. 1,004 Posts.
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    Are you just buying a share, or are you buying a share in a business?
    Right now we are at a trail business status,
    Say like someone setting up a 7/11 on a trail basic to see if the customers will come ( expect we have not laid out massive capex to trail the business)
    Actually our study in may 2012 allowed 27 million, I believe we will come in a half of that.
    If you start to do some figures based on what we know and place some discount into the numbers
    Recovery rates tested at 97% , lets bring that figure down to 75%
    Mill now running at 15 tons per hour, lets say they are only doing 10 hours per day.
    Ord minett has figures for all in costs of $750( nearly 50% above a figure quoted by Abu in may 2012
    Gold allow $1400
    Grade allow ten grams per ton.
    This business model today would have made close to $25000
    Throw in for good measure no tax payable on the first 110 million made and a mine life that seems to be growing after every Ann they make.
    My personally feel is this company is underpaying there hand,
    What a great surprise in this day and age, when everyone seems to want to outdo each other on social media sites.
    For the record I have no Facebook, twat, my space accounts
 
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