per deal Message 28480639
<<Today we went to Melbourne and met a company called xxxxxx (china xxxxxxx Gold largest shareholder) and have agreed in principle for xxxxxx to provide us with an initial 8-10000t of oxide ore @6g/t Au for treatment at the plant. We would treat this at our cost ($34/t ore) and split the Au produced 50:50. Their deposit is located behind the locked gate that we encountered near the Chinese camp. We asked them to deliver the ore to the pad by mid December>>
(1) ... it looks like the test round, about 2 weeks of grinding, crunching, milling, gulping, soaking, should yield (9,000 tons dirt x 6 grams au / ton of dirt x 0.032 troy oz / gram) = 1,728 oz au + (perhaps 150 oz of silver) , and split 50/50 would be 864 oz
the cash cost to the milling biz would be aud 34 x 9000 = aud 306,000, or aud 306k / 864 oz = aud 354 / oz (usd 367 / oz)
864 oz should fetch usd 1,700 as dore if sold as such, or a revenue of usd 1.5m
would say the biz beats that of ... well, qcom
(2) the economics to the chinese group is that they have a sunk cost of perhaps aud 30-50 per ton of rocks piled, depending on their ops efficiency
they have piled up a big pile of rocks and must eventually return the land to original shape
they are drilling out their resource base to prove out what may be their, ideally covering some cost
by paying tribute to the feudal milling ops, they shall gross 864 oz au for their (aud 40 cash cost / ton x 9,000 tons) , aud 360k, or aud 416 / oz of goodness
(3) for both parties, pretty good for a day in the sun shine and a night out at the pub
there are of course plenty of chinese boyz working at qcom, but i am guessing the ones in the outbacks shall have a better time doing what boyz naturally do, drill, dig, pile, stir, burn, melt, and stack ... work as god originally intended, creating economic liquidity for the world, and preparing for zero-state monetary reset of the planet.
(4) additional matter noted Message 28480639
<<R had a call from a broker today saying that high-level Chinese representatives were in town wanting to buy gold mines. He told us he thought we could sell out now at $___m. Waiting for verification on his comments. if true, we will try meet with them this Friday in Brisbane>>
... if true, would mean the new sovereign, son of heaven in beijing, wish to engage with ourselves, the lords at the far out periphery, and take us out of the equation at 4-5x our very recent cost w/o considering the just added acquisitions of precious resources.
i am reluctant, and have veto, for there is much son-of-heaven's work to be done, and if we sell, we have a problem, that we must find another pile of rocks with an attached mill.
however, if actually done, would be the absolutely fastest return in the shortest period of time Message 28411321 i have ever been associated with, as we have not even completed payment to the original vendor yet. would be too funny.
cheers, tj |
