Replies to post #15083 on Dutch Gold Resources Inc. (fka DGRI)

[RoboTrader]

There you go. They just got a permit to do it this quarter and we're pushing almost to the end of the year. THEY HAVEN'T EVEN STARTED MINING YET! They don't even know what they have in the ground. The current intention for DGRI seems to be share dilution to gain capital to pay the fat cats. Look at the DD, remove the smoke and mirrors.

[tvmetguy]

The bottom line is the 2.8M is verified as accurate by the Jan 2010 43-101, but a new 43-101 is needed. That one will have a new and complete volume scan done by the third party who is hired, likley DBA.

I'm banking on 5M ounces proven.

[rbtree]

The old GEMCOM data has been reviewed and is referenced in the Jan 2010 as appearing to be accurate, but a 43-101 new estimate of proven gold has to be done before DGRI can make any new large transactions on the property, its coming. This is the one that will show even more than 2.8M proven ounces....

First of all, that is impossible without a major new drilling program to further delineate and prove up the ore body. Do you have any idea how much that all costs? Hint, a hell of a lot more than Dutch has.

And, second, more importantly, the old report references only appx 300k ounces in the proven category.

Mark my words, Dutch will not be bringing this ore body into production for a long long time.