Mining Company research board

[gitreal]

A little math error on GDSM's website - check this out:

One technical summary for the five claims conclude possible resources of 6.75 million cubic yards of ore. The average ore tenor is 0.0025 oz/yd. or 168,750 total ounces of gold.

This is from slide no. 8 of the Powerpoint presentation on GDSM's website.

With my handy calculator, I did the math and turns out there is a misplaced decimal point. The true answer is that there are 16,875 total ounces of gold. I would think this might have an impact on their bottom line, if they are going to mine almost 7 million cubic yards for only 16,875 ounces of gold. Still $25 million worth of gold but what are the mining (and reclamation) costs for 7 million cubic yards of dirt?

Maybe the testing that is supposedly being done out there will result in another decimal point move to the left?

Also, I would like to point out the "5 claims" that they keep talking about includes one claim (Gold Crown) that is 10 miles away (and at least an hour and a half drive) in the Milk Creek area. I don't think it is appropriate to lump all five claims together as though they were one operation.