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If Motor Boost works on gas engines it may work on diesels as well. Maybe not jet engines though because of the different combustion chamber.
Thanks for sharing Riverlakes1 we need good news!
Darn and I thought it was my post that caused the PPS to go up!
I am down significantly but I still believe this has a good chance and if it does eventually work out it will produce large profits for many years. What just drives me crazy is why this, and so many of these small mining companies, continue to spend millions on acquiring every available clam until they exhaust every source of cash and have to scratch around or give away the farm to finance exploration never mind starting up serious mining for profit.
donP True these results have not been independently verified but a personal friend of mine was on site for many of the holes that were previously drilled in the 100 hole test program so, as far as I am concerned, the results reported from that effort are acurate and these figures correspond with those. All of the mg/m3 figures so far are well above the minimum figures said to be necessary for profitable dredging. Of coarse you don't know me from Adam so believe what you like.
Another test mining update. Still looking very good at 318 mg/m3.
http://finance.yahoo.com/news/GoldSands-Updates-Gold-iw-1113496596.html?x=0&.v=1
Hi snotter things are entirely to quiet around here. I asked John Keenan about the election in Peru, this is his reply "Everyone, particularly in the mining industry is pretty nervous about exactly what Humala is going to do. He has changed his political stance so many times from being a Chavista to a more moderate socialist that nobody knows what he will really do when in power. We are all in "wait and see" mode."
I'm fed up with investing in companies that don't keep there stockholders in the loop.
I always prefer the nautical view of every situation. deepsea
Thanks RiverLakes1 at least I'm not alone here. Do you own the sister FCGD as well? It has been jumping from .12 to.35 to .41 and back + Schwab frequently puts a value of .005 on it when there are no trades for that day driving my account bottom line crazy.
Hoping GSDC will make the big move to dredging in the next 4/6 months, that should light the candle!
Am I the last man standing? Not a good sign. Been in this to long to sell now and I still think there are vast economically recoverable amounts of gold on most of the 178 sq. mi. of clams.
My problems with these mining stocks is why don't they quit acquiring clams at say 80% and use the rest of there funds to start produce gold instead of ending up land rich and taped out?
More results from the test mining.
http://finance.yahoo.com/news/GoldSands-Reports-Gold-thomsonreuters-1855030187.html?x=0&.v=1
The pictures shows some pretty basic recovery equipment but this is only test mining after all and they did recover 29.9 Oz. Au from 2,134 M3 in 17 days so we know it works.
News Out
Could this actually be serious good news after all these years?
http://finance.yahoo.com/news/AVEC-Engine-Licensee-Wins-US-iw-1608442265.html?x=0&.v=1
Chevy I agree with you 100% on all of that. When I read the 10-K I was disgusted (and I hope Mrs. deepsea, in at $1.30, never sees it)but these extreme disclaimers seem to be mandatory. It is looking like a fine line between whether they hang on and become profitable or fold. The S.E.C. problem is another thing and I have no idea what that is about but it can't be good. John has never mentioned it. This seemed like nearly a sure thing but as it has dragged out over the years and the debt continued to accumulate success becomes more allusive. If they had gone to test mining, with at least a small income, two years ago and not gone with the extra millions for the whole 178 sq. mi. of clams things might be different. But I plan to hang in there.
The last one of these that I got into "Buffalo Gold"
found lots of gold in New Guinea but then decided it was to expensive to extract. Also in FCGDE, my record is not looking good.
Thanks Zinc very informative as always. Keep it coming please. deep
Is the Zinc Finger a one use, or multiple use, tool? How many silk worms have to be modified to start a new line? Thanks in advance.
Chevy I just heard back from John Keenan who has been off in the high Andes of Peru doing work for another Co. He is in agreement with us. "The results are encouraging but as they point out it is very early days and very small production. It will be interesting to see the results over a few months, this will give some idea of the overall potential of the Mika 2 area and whether a commercial scale (dredge) operation is possible." I find it hard to understand how the stock was over a dollar on hot air alone in the last 12 months and now 24 cents with gold flowing. FCGD up 33% today with no gold in sight. Oh well I'm holding.
"Pie in the sky" Just playing with my calculator, presuming this concentration everywhere and only going down 4 Meters, I get about 310 million easily accessible Oz. for the 178 sq. miles. Anyone know the daily production of a successful large hard rock mine.
I would have put results in the heading of the public PR.
http://finance.yahoo.com/news/GoldSands-Reports-on-Gold-ccn-1807787934.html?x=0&.v=1
WOW this is fantastic! If they are going to mine 150,000 M3 in six months they will have to process this amount about every three days.
I hope the news gets spread far and wide. Bring on the dredges.
Snotter how deep do you think they will/can go with the excavators? My guess was 4 meters but the video that one of you good DDr's put on the board only showed shallow mining. I had a big, probably similar, tracked machine clearing a landslide on my property after Hurricane TOMAS. It didn't look like it could go much deeper than than that and I expect the water table is very near the surface as well.
I personally am glad they went with this plan that could be implemented quickly. If not for this it might have been many months before we saw some cash flow and, of course, it does give us more information on gold concentrations. Now I think the important point will be at what point do they commit to building dredges and can they now skip the smaller dredges they planed on first and go straight to the BIG FELLOWS?
Are you sure you are talking about troy ounces? http://en.wikipedia.org/wiki/Troy_ounce.
I would guess it is because the excavators and processing plant were already in the vicinity of the mine site and relatively cheep where as I presume a dredge will be built to our requirements and take a long time to build and ship.
Lets see 150,000 M3 processed in 6 month = 833 M3 per day X 160 CM AU per M3 (a wild guess) = 133,333 MG divided by 31,100 MG per Troy Oz. = 4.29 Oz per day X $14500 per Oz. = $6,220 per day. Please check my math then have a nice day. deep
Price should already be at $1 with gold approaching $1,500. I'm not sure what recovery costs per oz. will be with the excavator method (any guesses?) but even at three times the estimates for dredging there must be serious profits. I would feel more comfortable if we had Pat to listen to every Sunday. I'll bet we would be getting some clues there. Get well soon Pat.
Chevy I was told that GSDC would do some kind of partnership with IHW Merwede which I thought meant they would contribute all or a good part of a dredge. But this opinion goes back a long way and may be out dated with all that has happened.
Thanks Z06 MAN Yes Atrade and Yahoo show .13 also but Schwab has gone to .005 two or three times recently. I did a PP on FCGD years ago, it did very well for a while but now I am under water (not where I like to be when on the deepsea).
I Went out to watch 18 yachts finnish the ARC round the world race/cruse yesterday. They left here 15 months ago. A very nice party followed - more party today!!
With the results from 600+ test holes in hand I believe they must already know almost exactly what they have in the ground. Chevy you say a dredge by February 2012, do you expect the current test mining to continue till the dredging starts? I would guess if, it proves profitable, they will.
If they dredge to 4 meters that is about 12,000,000 M3 per Sq. Mile. times 178 Sq Miles. WOW.
I wonder if they will also mine FCGD's claims. Incidentally Schwab is showing FCGD at 1/2 cents a share today decimating my account.
Could someone know something that isn't public knowledge? Sorry my source has dried up so I am out of the information loop. Those 11 cent shares from December are looking sweet but miles to go to even for me. I check posts every day. deep
-- A Retro-excavator from Swiss Mining, capable of extracting 1 CM/bucket
has arrived on site.
-- A second Retro-excavator, plus a Washing plant, is scheduled to arrive
on site shortly.
A 1 CM/bucket is a large excavator. They are bringing in two of them.
I am pretty sure, with as many test holes as have been drilled, The Co. knows there is enough concentration of gold to turn a profit and with 173 sq/mi to dig up there will be many years of profits. Did I read some place that after selling enough gold to cover operating expenses they would warehouse the remainder adding value to the Co?
Extraction to start within a week!!
I hope they get up enough steam to get back to my initial buy in of $1.31.
Thanks snotter excellent posts
The MediPendent commercial was on FOX again this morning and it is the one that is linked to YESD press releases so we must be involved. If we get it here in the West Indies the world must be seeing it.
OK I posted that info on the MDHI board. My question is is YESD doing, and profiting from, all MediPendent advertising or only infomercials?
I saw a MediPendent commercial on FOX News yesterday. That should have reached a large audience but I would think it would have to be repeated several times to have much impact.