Goldsands Development Company (GSDC)

[deepsea104]

snotter, I first heard of these companies from my friend John Keenan who is an officer of FCGD and was working for CMIN as a geologist at the time. I also invested in the last company he worked for, Buffalo Gold, and lost it all although they found gold in New Guinea. To expensive to extract.
I participated in an early private placement in FCGD and have traded both companies since. I wonder now if FCGD was as good a move as CMIN.
I remain convinced that the combined properties will produce large quantities of gold, at very low recovery prices of about $200 an oz, for many years but getting over the hump from spending serious money for additional claims, drilling and management to producing positive cash flow from mining without getting berried by debt is the current dilemma.
John feels that environmental permits should not be a problem in Peru. John is back in Peru and is having lunch with CEO Michael Stocker next week. Hopefully he will be able to give us more information but I am already encouraged by Pat Gorman's comments on his last radio program. He may have said more already than John will be able to.
Praying for Pat's full recovery from the stroke. deepsea