GPXM Production cost
Well, I KNOW you guys have been sitting on the edge of your chairs waiting for the first cocktail napkin based on the current production figures………..
SO…………
HERE THEY ARE…………….
Remember this is for illustration purposes only……….
1. A sale of more than 14,000 pounds of concentrates, containing over 8,000 pounds of elemental molybdenum, has been made to Derek Raphael and Company, London, England, for approximately $175,000 and has been posted in the Company’s 2006 financial results.
2. A sale of eight Supersacks of concentrate was made to Derek Raphael & Company of London, England. The consignment weighed more than 29,000 pounds and contained over 15,000 pounds of elemental molybdenum. The eight Supersacks have been combined with the December 2006 sale of four Supersacks to comprise a 12-sack shipment with a combined provisional value in excess of $500,000.
Therefore:
As of 4 Jan 07 the mine is averaging 30 Tons per day
bags Avg Wt. Ele Moly Ele Moly pb lbs prod Income PP lb PP Bag
4 3500 8000 2000 14000 $175,000 $21.9 $43,750
8 3625 15000 3750 29000 $325,000 $21.7 $40,625
2875 43000 $500,000 $21.8
Income is minus 10%...................
In addition:
Using the numbers the company has previously discussed with us in PRs, this is what I came up with for cost per pound of production using the $12,500 per day cash burn of Fusion shares/dilution as my basis………….
CPD = Cost Per day; CPM= Cost per Month; CPQ= Cost Per Quarter
CPD Days CPM CPQ CPQ Annual Cost
$12,500 25 $312,500 $937,500 $937,500 $3,600,000
Therefore:
Monthly $ Flow Annual $ Flow
$2,583,333 $31,000,000
lbs monthly lbs annually
248,000 2,976,000
Production Cost Per Lb.
$1.21 |
