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Re: mkendra post# 18217

Friday, 06/22/2012 4:28:01 PM

Friday, June 22, 2012 4:28:01 PM

Post# of 24311
Here are a few links:

http://www.chron.com/news/article/PZ-GoldSpring-Announces-First-Quarter-Net-1890639.php


http://www.faqs.org/sec-filings/120330/GOLDSPRING-INC_10-K/#b
(Second paragraph on Page 3)

http://www.redorbit.com/news/science/196068/goldspring_inc_completes_relocation_july_update/

From the above: "Furthermore, the Company announced a ten percent increase in gold production to 1,250 ounces for the month of July compared to 1,126 ounces for the month of June. Scott Jolcover, the Company’s general manager at the Plum Mine, stated that, “The production increases are in line with our internal projections and represent a 137% increase over May’s gold production.”
Source: redOrbit (http://s.tt/16vOv)



Don't get me wrong- I'm not claiming that they were highly profitable when they were producing before. Heck- I don't know if they even turned a profit on the operations.

But in terms of mineralized material, there was plenty, they HAVE produced substantially in the past (though they are calling that "test mining" at this point), and they still have plenty of material that can be produced at a very reasonable rate.
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