Replies to post #15103 on Dutch Gold Resources Inc. (fka DGRI)

[RoboTrader]

Exactly! Pulling the ore out of the ground won't happen for at least a couple of years and they've been in business for quite some time now and STILL haven't gotten the job done. I don't see anything different with the current DD.

[tvmetguy]

I really don't know what the exact amount would be, multi millions I'm sure. This is why they are going for a J/V to help do it......

But it has to be done.

In the meantime, we can conclude 2.8M ounces proven, and discount it as was done in my DD. The discount is about 11.7% of gross potential profits. In this case, the Basin Gulch is presently worth about $140M.

Of course, when the gold gets a new 43-101, and if the proven comes in at 5M or so which has been suggested, the value spikes even higher.

Its certainly worth 10's of million in market cap right now, with hundreds of millions coming after more work.

What's happening is at Jungo which they are drilling now, they will get a 43-101 and use that gold to leverage any work on Basin. There are other options too. Bottom line is its all huge.