trf ogx holding., page-19

OGX have applied for a 50000 tonne pilot trial plant next year.

If the head grade is 20g/t

50000 x 20g/t = 1000000 grams

1000000 grams / 30 grams to an ounce = 33333 ounces

33333 produced x POG $1250 an ounce= $41 million

33333 cash cost = $ 600 an ounce= $20 million

Revenue $41- Cash Cost $20

= 21 million Profit to OGX.

Large upside for TRF SP holders with rerating as TRF own 17%.
Gold mining is a very big business especially if the head grades come up Trumps, lowering costs of production even further. I like OGX have an existing tunnel, this is a bonus to bring this project into production, quickly and efficiently.

2014 Ace of Spades for TRF

Arlberg1