THIS IS PAGE 4 OF THE FAX
Brush Creek Mining and Devalopment Co., Inc.
Profittability Estimate
1. Lode
A. Estimate Capital Expenditures 7,500 foot vertical resource depth
DESCRIPTINO AMOUNT
Upper and lower Brush Creek Mines $ 40,068,454
Kate Hardy Mine 33,606,000
Ruby-Cincinnati Mine 36,150,000
Carson Mine 33,800,000
250 TPD mill 9,524,006
TOTAL $153,148,520
Capital cost/resource ounce:
$153,148,520 / 3,128,556 x .90 ounce = $48.95/oz.
Estimated mill recovery 90%
Capital cost / recovered ounce:
$153,148,520 / 3,128,556 x .90 ounce = $54.39
B. Estimated production cost/recovered ounce $150.00
C. Capital + production cost/recovered ounce $204.39
D. Cash Flow
Gross Revenue/ounce Au $295.00
Capital + Production cost/reoz Au 204.39
Gross Margin/Recovered oz. Au $ 90.61
E. Value of inferred Resource:
3,128,556 oz x $90.61 = $283,478,459.00 |
