FOR IMMEDIATE RELEASE
Pressnews.biz (Press Release) Oct 27, 2014
-- A of company revenues would generate annual dividends ranging from $0.09 to $0.17 per share from early production estimates.
Las Vegas, NV - Gold & Silver Mining of Nevada, Inc. (PINK SHEETS: CJTF), a junior mining company in Nevada, announces corporate governance dividend policy and a projection as to how the Goldfield Basin Part A of company revenues would generate annual dividends ranging from $0.09 to $0.17 per share from early production estimates.
The company has approved a 75% dividend policy to reward shareholders when in full production.
The estimated values below are based on data collected from our ore test results and surrounding history of adjoining claims.
CJTF DIVIDEND PROJECTIONS
Gold Grade est at .15 to .25 ounces per ton. .15 oz/t .25 oz/t .
Gold Price est. at $1250/ounce $187.50/t $312.00/t
Silver Grade at 2.00 to 3.00 ounces per ton 2.00 oz/t 3.00 oz/t
Silver Price at $18/ounce 36.00/t 54.00/t
Combined Estimated Value Per Ton $223.50/t $366.00/t
Total Tons Processed in Tons per Year 1,000,000 tons 1,000,000 tons
Gross Revenue Per Year $223,500,000 $366,000,000
Estimated Mining & Processing Costs (35%) -78,000,000 -78,000,000
Allowance for Taxes (35%) -50,000,000 -100,000,000
Net to Owners $ 95,000,000 $188,000,000
Co-Owner -47,500,000 94,000,000
Projected Net Income to Company $ 47,500,000 94,000,000
Projected 75% Dividends $ 35,625,000 $ 70,500,000
Dividends Per Share (Assuming 400 M Shares) $.09/share $.17/share
These dividend estimates have been approved by the company as a corporate governance range for dividends.
The above table shows how this translates into dividends per share in property A Goldfield Basin.
Visit the OTC Markets (CJTF) news and note the other news releases about production for 2014 as well (http://www.otcmarkets.com/stock/CJTF/quote).
Visit our web site at http://www.goldandsilvermining.com .
About Gold and Silver Mining of Nevada, Inc. We are a Gold and Silver Mining company focused on developing and bringing into production mining properties in Nevada, Arizona and California that are ready to come into production in the near future.
For more information, please visit our web site and/or call N. Fred Anderson at: 801-679-3945.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995. Certain information set forth in this press release contains "forward-looking statements" and "forward-looking information" under applicable securities laws. Except for statements of historical fact, certain information contained herein constitutes forward-looking statements which include management's assessment of plans and operations and are based on the company's current internal expectations, estimates, projections, assumptions and beliefs, which may prove to be incorrect. Some of the forward-looking statements may be identified by words such as "expects" "anticipates", "believes", "projects", "plans", and similar expressions. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements.
Gold and Silver Mining of Nevada, Inc.
N. Fred Anderson 801-679-3945