Goldsands Development Company (GSDC)

[deepsea104]

It reads like good news to me except that it sounds like it will now be a year till they give a go ahead to acquiring dredges, I was originally lead to believe the first dredge would be on site this year. The PPS has tanked from my entry and from the 52 week high of $1.92, (low of$.40, current of $.78) even though gold has increased. PPS has been so volatile I frequently think someone may knows more than I do. AZNG, which has reported no drilling, on the other hand, is up nicely. The fact that they have continued with the acquisition of leases leads one to believe they have already decided the project is economically viable. At a recovery cost of anywhere near $200 an oz. this should be a BOANZA.