Yup, I'm sure we will see October numbers next week. As for permits, they said any day and that they have staff bandgering them daily for the paper. Who knows, someone could be on holidays, got fired, new systems, requires several signatures or they are just typical latin slow.....your guess is as good as mine or managments.

Imagine if the permit didnt come and we just had the ore processing business to count on...what a blessing that would be!!!!

Take a look at these numbers...this is from a long spreadsheet so you have to go down and piece it together.

 

tpd grade recovery days oz/yr profit margin gross profit gold price/oz
220 0.91 0.93 340 63303.24 $318.00 $20,130,430.32 $1,700.00
300 0.91 0.93 340 86322.6 $318.00 $27,450,586.80 $1,700.00
400 0.91 0.93 340 115096.8 $318.00 $36,600,782.40 $1,700.00
450 0.91 0.93 340 129483.9 $318.00 $41,175,880.20 $1,700.00
600 0.91 0.93 340 172645.2 $318.00 $54,901,173.60 $1,700.00

 

gold price/oz revenue net profit margin(after tax dep am etc) net profit shares
$1,700.00 $107,615,508.00 0.1 $10,761,550.80 35800000
$1,700.00 $146,748,420.00 0.1 $14,674,842.00 35800000
$1,700.00 $195,664,560.00 0.1 $19,566,456.00 35800000
$1,700.00 $220,122,630.00 0.1 $22,012,263.00 35800000
$1,700.00 $293,496,840.00 0.1 $29,349,684.00 35800000

 

shares eps 7 times multiple(present) 14 times is average S&P over last 100 yrs  25 times in a bull market
35800000 $0.30 $2.10 $4.21 $7.52
35800000 $0.41 $2.87 $5.74 $10.25
35800000 $0.55 $3.83 $7.65 $13.66
35800000 $0.61 $4.30 $8.61 $15.37
35800000 $0.82 $5.74 $11.48 $20.50