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Gold production on the rise ! (CRND)
required field - 13 May 2009 16:31
Just noticed that this main market stock is climbing rapidly, and gold is nearing $930, above that and a lot of gold producers and some explorers might just take off !.
mentor - 12 Jan 2017 22:37 - 61 of 61
The shares in SA held unchanged 20ZAC
some calculation from "Gibbo1066"
I have to face whats in front of me. If we are processing 500 tonnes per day @ 1.9 grams that's 950 grams per day or almost 350 kilos year. Working on the current value of Gold at $38,500 per kilo that puts us at about $13.5 million turnover for the year.
If we get to 800 tonnes per day that figure goes up to almost $ 22 million. All that with a current capitalization of $ 2.5 million. I still believe that this company is worth between $ 30 & 40 million or approx share price of $ 0.17
some calculation from "Gibbo1066"
I have to face whats in front of me. If we are processing 500 tonnes per day @ 1.9 grams that's 950 grams per day or almost 350 kilos year. Working on the current value of Gold at $38,500 per kilo that puts us at about $13.5 million turnover for the year.
If we get to 800 tonnes per day that figure goes up to almost $ 22 million. All that with a current capitalization of $ 2.5 million. I still believe that this company is worth between $ 30 & 40 million or approx share price of $ 0.17
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