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trader01117

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trader01117

Re: DaveBo1 post# 9647

Friday, 11/12/2010 4:49:55 PM

Friday, November 12, 2010 4:49:55 PM

Post# of 102667
As of September 30, 2010, we had a cash balance of $3,184. We estimate that, based upon our current business, we will require up to $4,000,000 over the next two years. However, the Company cannot properly anticipate the capital expenditures and working capital needed in connection with its operations and development. As part of the Shamika transaction, Dutch Gold holds 4,950,000 shares of Shamika Resources (ticker: AGDI), which as of November 11, 2010 had a share price of $0.25 for a total market value of Dutch Gold's holdings of $1,237,500.
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