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Tanzanian Royalty Exploration Corp. Message Board

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  • keepshorting keepshorting Nov 11, 2011 7:33 PM Flag

    Never have I seen

    and Mr Sinclair sold over 2 million shares the past several years.

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    • Re: Never have I seen 11-Nov-11 12:50 pm





      At this point in time, it all hinges on the government of Tanzania issuing mining permits imho.

      Bulyanhulu http://www.barrick.com/GlobalOperations/...
      The Bulyanhulu mine is located in northwest Tanzania, East Africa, approximately 55 kilometres south of Lake Victoria and approximately 150 kilometres from the city of Mwanza.

      Bulyanhulu is an underground trackless operation that uses long-hole and drift-and-fill as its principal stoping methods. Ore reserves are accessed via a surface shaft and an internal ramp system.
      The processing plant consists of a crushing and grinding circuit, a copper/gold/silver flotation circuit, a tailings thickening/filtration circuit and a tailings storage facility.

      In 2008, the mine produced 200,000 ounces of gold at total cash costs of $620 per ounce1.At December 31, 2008, Bulyanhulu had 12 million ounces of proven and probable gold reserves2.


      Tulawaka http://www.barrick.com/GlobalOperations/...

      The Tulawaka mine is a 70/30 joint venture between Barrick and Northern Mining Explorations Ltd. The site is located approximately 1,000 kilometres from Dar es Salaam and 120 kilometres west of Barrick’s Bulyanhulu mine.

      The processing operation uses gravity separation technology to recover approximately half the contained gold, with the balance from conventional carbon-in-leach technology.

      In 2008, Barrick’s share of production was 148,000 ounces of gold at total cash costs of $212 per ounce1. The Company’s share of proven and probable gold reserves as of December 31, 2008 is estimated at 80,000 ounces of gold2.

      Variable Input
      TRE Variable Input
      100,000,000 Total TRE Shares Outstanding
      $1,600 Gold Price ($/oz.)
      $75 Gravity Separation Production Cost ($/oz.)**
      $620 Underground Operation Production Cost ($/oz.)
      $3,214,000 Aug 31, 2010 Net Loss from Contiuning Ops

      TRE Production Variables Based on an ABX Bulyanhulu Mine Strike
      10,000,000 Reserves (oz.)

      TRE Production Variables Based on a ABX Tulawaka Mining Operation
      148,000 First Year Production (oz.) based on ABX Tulawaka project

      TRE Production Variables Based on Meeting Plan
      200 Daily Production (oz.) based on message board estimate
      260 Production Days per Year

      Results
      TRE Results Based on an ABX Bulyanhulu Mine Strike
      0.10 Ounces per Share
      $98 Net Gold Value per Share (estimated production costs have been factored)

      TRE Results Based on a ABX Tulawaka Mining Operation
      0.0015 Annual Ounces per Share
      $2.26 Annual Gold Value per Share (estimated production costs have been factored)

      Daily Production (oz.) based on Meeting Discussion
      0.00000200 Ounces per Share
      $0.0020 Net Gold Value per Share (estimated production costs have been factored)

      Annual Production Based on Meeting Discussion 260 Production Days per Year
      0.00052 Annual Ounces per Share
      $0.51 Annual Net Gold Value per Share (estimated production costs have been factored)
      $50,960,000 Annual Company Revenue
      52,000 Ounces per Year

 
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