Yesterday was the full-blown ESCALATION phase. Everything ballooned, intensified and reached an historic boiling point. It started with a 30% DROP in the price of oil – a gargantuan FREEFALL. Never has there been anything similar or close to resembling that!
It’s one of the most incredible anomalies in finance, unless you understand the rationale behind it. Still, after looking at all the variables, I can’t justify lending government money.
It’s one of the most incredible anomalies in finance, unless you understand the rationale behind it. Still, after looking at all the variables, I can’t justify lending government money.
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.