Dutch Gold Resources Inc. (fka DGRI)

[Joeiniowa]

I talked to a friend of mine who has been close to the mining industry for the last 20 years and he thought costs of roughly $300/ounces for a mill like theirs was in the ball park. What he did want to stress is that as tons per day that are being processed go up average cost per ounce goes down. Basically as with many industries there is efficiencies in scale. So at 100 TPD our cost may be around $300/ounces but he sees that number being much lower for 300 TPD operation. Should be interesting as they really get rolling over the next few months.

Joe