August 209,2012 report
Uncapped Barkerville’s Cow Mountain now contains indicated resources of 6,605,000 oz of Au at 0.116 oz/ton and inferred resources of 5,728,600 oz of Au at 0.189 oz/ton for a combined total of 12,333,600 ounces of gold! By using a 10oz – 5oz – 2oz empirical cap the combined resources drop to 7,456,200 ounces.
12,333,600 oz rounded 12,000,000 oz.
Current Mill Production Rate
Current Mill 1 bore bar rate 400 oz a week for 50 week 20,000 per year.
12,000,000 at 20,000 per year 600 year of production
Double production rate
12,000,000 at 40,000 per year 300 year of production
12,000,000 at 80,000 per year 150 year of production
Additional Mill Rexx 50 millon shares @1 produces 1 new mill
Production rate increase 40,000 ounces
12,000,000 at 120, 000 per year 100 year of production
To get in the range of 25 years
you are going to need a mill that is capable of producing 480,000 ounces a year.
This means based on 40,000 per mill production per 50 million dollar to build you looking at mill that going to cost 600 million dollars to build.
Based on 12,000,000 ounced over a 25 period and a cost of 600 per ounce to produce you looked at a company spending 288 million a year in expenses and producing over 768 million in revenue a year.
An not assume inflation or gold increasing Per year 480 million dollar a year, 12 billion dollars over 25 years.
Rexx 50 million dollars investment will produce a 4 billion dollar return over 25 years or
Rexx 100 million dollars investment will produce a 6 billion dollar return over 25 years.