Goldsands Development Company (GSDC)

[deepsea104]

In a detailed report prepared for Constitution Mining by MTI Holland/IHC Merwede in 2009, it estimated that the costs of gold production will be US$1.60 - US$2.40 per cubic meter at full-scale production. Based on CMIN's current preliminary results and a gold price of $1,200/ounce, James Prudden calculates recoverable gold values from the HBD-33 channel to be approximately $6.15 per cubic meter.

$6.15 - $2.40 =$3.75 per cu/mtr X2000 cu/mtr per Hr.=$7,500X24Hr.=$180,000 per dayX7days=$1,260,000 per week= TIME TO START DREDGING.
(curent higher price of gold should compensate for aditional cost of "pilot production" over "full scale production")