Goldsands Development Company (GSDC)

[deepsea104]

500 holes, although shallow, is quite a project for one rig between now and 2011. Perhaps more rigs will come on line. Drilling each hole should be quick but it's hard to tell how difficult relocation between drill sites will be. Hopefully when some % of the holes are drilled enough data will be available to commit for the first dredge. If current estimates of 48,000 oz a year (X $900 an oz = $43M) for the pilot mining in 2011 prove correct the project should rapidly become self sustaining.
Any ideas on how CIMN, AZNG and River Run each fit into the picture?
I hope we start getting enough flow of information to get some volume.