The McDame property is considered the crown of the
Post# of 259
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.