Replies to post #20532 on Dutch Gold Resources Inc. (fka DGRI)

[naturallyk2]

For the Basin Gulch alone that can put the PPS of DGRI at $2.08 . In order for that to happen though DGRI has to actually start mining it and making a good profit. The way I see it is once the mining starts you'll see the PPS just blast off into outer space.



EDIT: Sorry, I'm sure some of you are wondering where I came up with the PPS.

DGRI selling the mine for around 400 million divided by the last reported OS of 192 million = $2.08 .

BUT!!! If they did start mining + maxed out the O/S at 500 million + didn't sell the mine it would still equal rougly $2. Thats just for the BASIN Gulch ;)

[PipBoy]

Santa Claus is comin' to town~

[doc4261]

nope gold to silver ratio is 20 silver to 1 gold per recient report

[bulldog21]

We already have an NI-43-101 for BASIN GULCH. There is between 3-7 Million ounces of Gold proven and probable. But that figure only included 1/3 of the drill holes. With all the samples in hand they will be able to determine the total proven and probable reserves which will be far north of 10 Million ounces. Read through the sticky above that has a link to our 2 NI43-101.