You're right, there is money in specimen gold:
Press Release
SOURCE: Silverado Gold Mines Ltd.
Silverado Gold Mines Ltd. - gold nugget production resumes at Nolan
Gold purchase orders outweigh current production
VANCOUVER, and FAIRBANKS, AK, Aug. 24 /CNW-PRN/ - The Company is presently mining a small tract of land that is producing beautiful jewelry grade gold nuggets. Though orders far exceed our current production, the company does not intend to increase production until such time as gold prices firm up. The company receives a premium of 33% over gold price for its jewelry grade gold nuggets and that premium increases dramatically when gold prices are stronger than they are at present. In 1996 for example, a 41 ounce nugget containing U.S.$16,000 in gold value sold for U.S.$50,000. For these reasons, the company is directing itself to $3,000,000 in required financing to complete its development program on a portion of the Nolan Deep Channel. Although this area represents only a small portion of the Nolan property, the revenue stream that would be generated is very significant, as shown on the following chart. Costs have been stated liberally and returns conservatively. Net revenues could in fact double.
NOLAN DEEP CHANNEL COST / REVENUE SUMMARY
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FIVE YEAR NET REVENUE PROJECTION = $20,583,630
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Summary Unit Production Gross Cost
Value
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Total $/ Total BSF Capital Operating Total Costs
BSF(x)
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Year 1 Operations 21.78 168,000 650,000 1,075,200 1,725,200
Year 2 Operations 21.78 201,600 100,000 1,096,700 1,196,700
Year 3 Operations 21.78 241,920 150,000 1,118,630 1,268,630
Year 4 Operations 21.78 290,304 75,000 1,141,010 1,216,010
Year 5 Operations 21.78 348,365 75,000 1,163,830 1,238,830
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TOTAL 5 YEARS $1,250,189 $1,050,000 $5,595,380 $6,645,370
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Summary Sales Revenue
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Gross Net Revenue
Revenue
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Year 1 Operations 3,659,000 1,933,800
Year 2 Operations 4,390,800 3,194,100
Year 3 Operations 5,269,000 4,000,370
Year 4 Operations 6,322,800 5,106,790
Year 5 Operations 7,587,400 6,348,570
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TOTAL 5 YEARS $27,229,000 $20,583,630
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(x) NOTE: $ / BSF = $U.S. VALUE PER SQUARE FOOT OF BEDROCK MINED
Pictures of our gold may be viewed on our website at www.silverado.com. Though gold mining is the company's primary business (28 years), recent developments in our new fuel technology division are leading to the attainment of capital necessary to complete the adaption of our gold mill near Fairbanks, Alaska into a new low-rank coal-water fuel production facility.
FOR MORE INFORMATION VIEW OUR WEBSITE:
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WWW.SILVERADO.COM
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I wish more of the "big boyz" would pick up on this |
