news coverage

There was no shortage of news coverage today.I topped up with 300,000 ,six 50,000 trades from 16;18 back .

There is a lot more of the same out there !

http://www.miningweekly.com/article/cononish-comes-up-gold-for-scotgold-2012-04-17

http://www.proactiveinvestors.co.uk/companies/news/41565/scotgold-study-underlines-the-robust-economics-of-cononish-project-41565.html

http://www.bbc.co.uk/news/uk-scotland-scotland-business-17739906

http://www.cnbc.com/id/47069919

Closed at 5.62p or 8.6c

Small print
Operating costs are estimated with an overall 16% contingency allowance.
£360 /oz Au is actually 116% so 100% = £310 /oz Au
Note Silver price $20/oz ,Silver is actually $31.47 (01:33,16/04/12)
465,000oz Ag @ $11.47 = $ 5,333,550 or £ 3,333,468
£ 22.3Million =115% so 100% = £19,391,304

With Raw Pre Production Costs we would save £ 2,908,696
with Silver at $31.47 we would gain £ 3,333,468 or production could drop to £285/oz Au

Always look on the bright side of life !