Saturday, August 25, 2012 2:32:46 PM
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?
Recent GRLF News
- Green Leaf Innovations, Inc. Expands International Presence with New Partnership in Dubai • InvestorsHub NewsWire • 06/24/2024 12:30:00 PM
- Green Leaf Innovations, Inc. Engages Olayinka Oyebola & Co for Two-Year Audit • InvestorsHub NewsWire • 05/28/2024 12:30:00 PM
- Form 253G2 - • Edgar (US Regulatory) • 01/29/2024 06:37:20 PM
- Form QUALIF - Notice of Qualification [Regulation A] • Edgar (US Regulatory) • 11/07/2023 05:15:09 AM
- Form 1-A POS - • Edgar (US Regulatory) • 11/01/2023 08:02:30 PM
FEATURED CBD Life Sciences, Inc. (CBDL) Reaches Unprecedented Heights With Explosive Growth and Strategic Expansion in 2024 • Oct 8, 2024 8:00 AM
BNCM COMPLETES MERGER WITH DELEX HEALTHCARE • BNCM • Oct 8, 2024 9:54 AM
Unitronix Corp. to Invest $3 Million in USA Unity Coin Project • UTRX • Oct 7, 2024 7:08 AM
North Bay Resources Announces Assays up to 5 oz/ton Gold, 1.5 oz/ton Platinum, 0.5 oz/ton Palladium, and 0.5 oz/ton Rhodium at Mt. Vernon Gold Mine, Sierra County, California • NBRI • Oct 4, 2024 9:15 AM
Basanite, Inc. Appoints Ali Manav as Interim Chief Executive Officer • BASA • Oct 3, 2024 9:15 AM
Integrated Ventures Announces Launch of MedWell Facilities, LLC and Lease Agreement with Giant Fitness Clubs • INTV • Oct 3, 2024 8:45 AM