Goldsands Development Company (GSDC)

[NineFingers]

King,

They have had great test results so far and are using great technology, but the machines are extremely expensive and slow to build and ship. Hopefully they don't have problems with them. If I am remembering correctly, according to their reports they are hoping to be able to mine at below $300/oz which is insanely low, especially as gold continues to rise.

Check out what they are planning to do with the excess gold they find. I believe it's brilliant. Finally a company that is worth it's weight in gold. Many companies trade at many many multiples of their earnings, but have nothing tangible to back it up. They are so leveraged that the first thing to go is their stockholder's equity.

Look at their relationship with the local govt and citizens. They are using Peruvian citizens in leadership/management roles, and the dredging is much more environmentally friendly than other methods of extracting the gold. However, this much gold can make people in power go crazy. The govt. could step in and cause huge problems.

It's a risk, but I believe it will be well worth the investment, even in the low to mid $1.00s. It will pull back again for new investors to get in. check it out yourself, and if you decide to be a shareholder, enjoy the ride!!!