Colossal Resources - CLPZF - Colbalt in Zambia Message Board

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Gold/Mining/Energy : Colossal Resources - CLPZF - Colbalt in Zambia

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To: Francis Scavo who wrote (222)	4/27/1997 7:36:00 PM
From: kfdkfd	of 501

Francis, I took the current monthly value of production $ 330,000 x 12 = $ 3,960,000. Assumed some upside to current value since some will be sold for $ 412,500 figure stated in news release. These figures are conservative ansd assume consistent results. Six months assumed 20 tonnes of alloy and $ 80,000 est. daily value. I didn't use 300 days but low of 185 days to 200 and high 250 days basing this on down time and other necessary maintenance. This gave me a figure of $ 15,000,000 - 20,000,000. I think important item is deliverables. Will we see these or something similar in results. I noticed you used higher number of shares assumed based on conversions than there release which states 6 mil.. Lets HOPE $$$$$$

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