don't start if u aint got nothing better to add you aint no better and it is a case in point that some people don't know the days of the week here let alone what comes next with ecr. still I will leave you retards to play amongst yourselves until some decent news comes along
of argument International standards have made Monday the first day of the week as this is usually the first working day and Sunday the last day and a day of rest
... but ...
historically, Sunday was the first day ... that is because Saturday was the Sabbeth for both Christians and Jews (the seventh day and a day of worship and rest, >>>>however looking forward to the next few weeks ATB F
Complicated question. Edison have a Value of Gold in the Ground valuation method which might be of interest - http://bit.ly/cXUNul
Average Value of Gold in the Ground (explorer) = $108/oz Average Value of Gold in the Ground (producer)= $488/oz Average Value of Gold in the Ground (Measures/Indicated) = $98/oz Average Value of Gold in the Ground (Inferred)= $21/oz Assumptions: Assumed PoG = $1676/oz Assumed Cost = $951/oz
The above is just a set of blended averages across actual company valuations, so there is no accommodation for key cost drivers like: 1. Location, Location, Location. : Cost of production per oz in Phillipines will be as low as $350/oz - see Medusa Mining for reference figures. Which is $600/oz cheaper than Edison's worldwide average 2. Open Pit resource - vastly cheaper to extract than underground resource 3. Free Milling or Ore requiring expensive refractory processing ? again significant difference in costs. 4. What infrastructure exists? i.e. building roads and power plants is expensive
Itogon project details so far suggest, 1. good proportion of open pit resource 2. high extraction rates I believe have been mentioned, so the ore appears amenable to cheap "Free Milling" 3. existing infrastructure which will keep CAPEX down
BTW. Has anyone got a spreadsheet model for such a valuation? as it would be rather convenient.
Too many parameters to come up with a reasonable valuation at present, and we have no real clarity on the all important indicated versus inferred category of our potential resource.
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