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Gold/Mining/Energy : Colossal Resources - CLPZF - Colbalt in Zambia
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To: kfdkfd who wrote (221)4/27/1997 7:16:00 PM
From: Francis Scavo   of 501
 
Kevin
Did some math. and got a diff.answers. Please check me out.
Based on doubling the output to 80/100 tons per day and ALL the colbalt being pure.(that is with there SA plant in operation, which it isnot)

1000lbs colbolt now X 2 X $14.50 lb. ave X 140% X 300 days=$12,180,000
cost 2000 lb X $11.00 lb X 140% X 300 days=$ 6,600,000
Profit $ 5,580,000
Colossal share 60% / 10 mil. shares? =.3348c per share.
I know that these are rough fiG. but there are better than nothing.
Francis
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