CRC 0.00% 9.6¢ cortona resources limited

questions and answers, page-49

  1. 10,404 Posts.
    pepsipet could you please tell me where my error is:

    you

    "So i can say this
    Oz in the ground 500,000
    oz mine per year 50000
    Cash needed to get running $50,000,000
    lets plug in numbers
    Gold price $1,500 $75,000,000
    Cost to mine $600 $30,000,000
    Capital and interest costs @ 10% $5,000,000.0"

    me

    So i can say this
    Oz in the ground 500,000
    oz mine per year 50000
    Cash needed to get running $50,000,000
    lets plug in numbers
    Gold price $1,500 $750,000,000
    Cost to mine $600 $300,000,000
    Capital and interest costs @ 10% $5,000,000.0

    GP $445,000,000
    Shares 221,000,000
    return Per share $2.01

    Does that make more financial sense?



 
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