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I believe DGRI represents an incredible sleeper stock and gold investment!
I read the Letter to Stockholders and thought this represented an incredible plan for 2008.
I think the big news here is at the end of the Letter. DGRI intends to produce 15,000 ounces of gold, generating potential cash flow with anticipated EBITDA of at least $6 million for the full year of 2008.
With a A RECORD-setting run in the gold price expected to continue as the gold price has been belted from $US800 on December 20 to its latest record high of $US914.40 an ounce only yesterday, I wonder if $6M is conservative?
I have been reading that many analysts expect gold to test $US1000 this year and some tip it could test $US1100 and I believe they may be correct. Gold has traditionally been seen as among the safest investments.
With this incredible price rise as a backdrop I am very excited to see that DGRI faces 2008 READY TO MINE GOLD and focused on the cost per ounce to produce it and in the end that’s what it’s all about.
Gold mining is obviously in an upswing, but by moving early in 2007, DGRI was able to obtain equipment that other miners are now having difficulty obtaining! That’s impressive.
DGRI is READY TO MINE GOLD!
Mining gold is not just about having a productive gold mine — which DGRI has.
It is also about keeping costs down. Costs are evaluated and measured in terms of the cost to return an ounce of gold. DGRI has kept a close eye on this rate of return.
- DGRI made key investments to upgrade equipment, workforce and infrastructure.
- DGRI found new ways to increase precious metal recovery rate.
- DGRI took measures to improve cost structure and establish Dutch Gold as a credible, consistent and profitable gold mining company.
- DGRI has obtained drilling equipment and specialized mining apparatus to reduce the cost per ounce of gold.DGRI has a new assay lab on site
- DGRI can analyze ore grades within 24 hours, thereby providing the mine and mill with swift, accurate and valuable information
- DGRI has a current mill capacity of 330 tons of ore per day serving two mines that are within close driving distance.
I think when you are reading The Letter to Stockholders you will find a company that anticipated the rise in the price of gold just ahead of the curve and got their equipment and miners in place.
An increase in the price of gold only serves to enhance DGRI’s bottom line … EXPONENTIALLY.
Benton Mine
Source: Dutch Gold Resources
Dutch Gold Resources, Inc. 3500 Lenox Road
Suite 1500
Atlanta, GA 30326
Phone: (404) 419-2440
Email: info@dutchgoldresources.com
Website: www.dutchgoldresources.com
Investor Relations: David K. Waldman / Klea K. Theoharis
Crescendo Communications, LLC
(212) 671-1020
About Dutch Gold Resources, Inc.: In January 2007, Dutch Gold Resources, Inc. acquired Dutch Mining LLC, which was founded in 1994. Dutch Gold is engaged in the mining and processing of proven gold reserves in North America. The company’s strategy is to focus on overlooked resources which can be quickly and cost-efficiently brought into production. The Company currently owns two mines in southwestern Oregon, consisting of the Benton and Gold Bug Mines. Production resumed in March 2007 and the Company has begun a drilling program to prove up additional reserves, and enhance future production. Please visit the Company’s website for additional information at: www.dutchgoldresources.com.
Certain statements in this release, and other written or oral statements made by the company, including the use of the words “expect,” “anticipate,” “estimate,” “project,” “forecast,” “outlook,” “target,” “objective,” “plan,” “goal,” “pursue,” “on track,” and similar expressions, are “forward-looking statements” and are subject to known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements of the company to be different from those expressed or implied. The company assumes no obligation and does not intend to update these forward-looking statements.
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