GDSM signed a JV to develop the Gold Star Placer m
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Posted On: 02/21/2013 10:45:04 AM
GDSM signed a JV to develop the Gold Star Placer mine in 2012 that was claimed to have 168,750 oz. of gold. Based on today's price of $1,638, that gold would be worth $276,412,500.
Why does a mining claim worth over $276MILLION sit idle? Why could GDSM not get even $100K in funding for the development of an asset worth over $276M?
The problem is the estimate was done by Don L. Jenkins and cannot be verified. The 5 gal bucket tests were done on the Gold Crown and GDSM never released the results of those tests.
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