Goldstone Resources fka GRC

[echarter]

Phil is big.

Really big.

He must weigh 175 lbs, soaking wet.

But he is big. He has 17 gold teeth. And a golden hat band. Gold cuff links and a gold tie pin made of a one ounce gold bar.

They call him Gung-Ho Golden Phil in the gilt-edged circles of Toronto investment.

I will bet they do feasibilities on all properties by 2009. And I will bet that at least two come up positive to spend about 30 million to put them into production and revamp the NE Mill to perhaps 600 tpd. A feed rate of 220 ounces per day would make a resource of perhaps 600,000 ounces at a grade of 0.35 OPT well worth while. It would mean 7.8 years mining at a per year gold production rate of 80,000 ounces. They could hit 1.30 a share. The need to get their shares to about 80 cents to finance this, as they don't want excessive dilution.

EC<:-}