By December 2020, Winston Gold’s Montana-based gold asset, the Winston project, could be running at a 300 ton/day pace. Let’s do the numbers: at that rate, the company mines 90 ounces/day (estimated average 30% Oz/ton grade), with a spread of $843 ($1,643 spot price – $800 mining costs), which means that in a 25-day month, Winston will be generating a net mining profit of USD$1,896,750 every single month.
By December 2020, Winston Gold’s Montana-based gold asset, the Winston project, could be running at a 300 ton/day pace. Let’s do the numbers: at that rate, the company mines 90 ounces/day (estimated average 30% Oz/ton grade), with a spread of $843 ($1,643 spot price – $800 mining costs), which means that in a 25-day month, Winston will be generating a net mining profit of USD$1,896,750 every single month.
This stock is literally like NO OTHER.
After the best year for gold since 2010 and with the possibility that the dollar has PEAKED for this cycle, gold’s latest correction from $1,611/ounce on WW3 rumors, down to the mid-$1,500s today, is an IDEAL entry point for new positions, as we see it.
In the past 10 years, the acceleration of the process of widening wealth gaps in the western world has morphed from an just being an economic problem and it is now also a social one.