freedom
in effect it is a lowering of production.
regards, John
EDIT: Note:I have MANGLED Tads numbers into the following format: The Market price of $600 is my own but the production oz MIX is Tad's
Total Gold Production Oz 21,500
------------------- Market Price Gold ------------------- POG - USA $ 600 Oz Sold 13,450 Revenue USA $ 8,070,000 Conv Rate 1.1000 POG - Canadian $ 660 Oz Sold 13,450 Canadian Revenue 8,877,000
------------------- Call Option Gold ------------------- POG - USA $ 498 Oz Sold 8,050 Revenue USA $ 4,008,900 Conv Rate 1.1000 POG - Canadian $ 548 Oz Sold 8,050 Canadian Revenue 4,409,790 USA Revenue 12,078,900 Oz Sold 21,500 Avg Price per Oz 562 Canadian Dollars Revenue 13,286,790 Other Rev 100,000 Total Revenue 13,386,790
John |