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Shortly after his marriage at age 24, Charles Hiss entered the business world and joined the dry goods importing firm Daniel Miller and Co. He did well, becoming an executive and stockholder. When Charles's brother John died suddenly at age 33, Charles assumed financial and emotional responsibility for his brother's widow and six children in addition to his own expanding family.[5] Charles also helped his wife's favorite brother, Albert Hughes, find work at Daniel Miller.
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cheap iphone Cases Shareholders on the other hand are only invited to share the substantial risks of this project a deal we would expect many to sell out of.We shall argue our bear case in the following, and respond to various points raised (and missed) in the comment thread of the article linked above.A Quick Overview Before we start, here is a quick overview of Victoria Gold, and its defining asset, the Dublin Gulch project which includes the site of the future Eagle gold mine in the Yukon. To quote from the company's website:"The proposed Eagle gold mine will produce dor from a conventional open pit operation with a three stage crushing plant, in valley heap leach and carbon in leach adsorption desorption gold recovery plant."The mineral reserve contains 2.66M ounces of gold and the feasibility study (or FS) envisages crusher throughput of 30,100 tpd to produce in excess of 200,000 ounces of gold during the first four years of operation, and 190,000 ounces of gold per year on average over the 12 year mine life.The economic study contained in the FS projects an NPV(5%) of C$508 and IRR of 29.5% assuming a gold price of $1,250/oz and an exchange rate of C$1=US$0.78. Considering the projected upfront capex of just C$369.6M the Eagle gold project looks like a sizeable and highly attractive project.There are plenty of discussing the merits of the Eagle gold project, and the technical report can be downloaded from SEDAR for those wishing to dig deeper.At the time of writing Victoria Gold traded at C$0.40 which translates into a market capitalization of C$207M or almost exactly 40% of the project value quoted in the FS.cheap iphone Cases
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