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Saturday, 08/25/2012 2:32:46 PM

Saturday, August 25, 2012 2:32:46 PM

Post# of 162986

They are still involved with Gold Star and now are wanting to get involved with another mine that could help their cashflow.


How does getting involved with another mine help cashflow? I am puzzled by that. Spending money to develop a mine that has years of permitting ahead of it before any "production", will not help cashflow. In fact, it will put them in a huge hole financially. Two mile deep hole, that is.

GDSM would be far better off finishing the sampling at Gold Crown. Moving forward with development of the Gold Star and Gold Crown would be their best use of limited funds. After all, aren't there 160,000 ounces of gold in proven reserves just sitting there, certified by a "mining engineer"? Or, just skip the sampling, and get the mining permit - proven reserves mean you can trust the gold is there, right?
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