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Angel's Corner
Posted On: 11/25/2012 11:49:31 AM
Post# of 5945
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Posted By: MoneyMaker


The McDame property is considered the crown of the GDLG operations at the current time. The Company anticipates revenue in 2012 to be approximately $681,500 per month less 15% gold impurities of $102,225 consisting of silver which is paid for at the end of every month but not calculated into the profit equals $579,275 minus operating expenses. Anticipated production costs for 2012 are estimated at $175,000 monthly, yielding a net profit of $404,275 for a five month gain of just over $2M. The Company estimates there could be eight to ten years of mine life at the present production forecasts.





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