- ~ - Why I Own GSPG - ~ -

by Yahoo Mesage Board character Extreme4Reality

Please add a comment about Goldspring after reading this blog.

1. GSPG is the first company to consolidate a majority of the claims in the rich gold and silver property of the historic Comstock Lode Mining District near the Virginia City of Mark Twain, the richest little city in the late 1800s. Time and time again Modern Mining technology is finding more precious metals such as gold where gold has been found due to increased science since 1920.

2. GSPG located in Nevada, USA. The Silver State is friendly to mining. Goldspring Inc property is just a little way south of the village known as Gold Hill which is approximately 3 miles south of the National Historic District of Virginia City. http://www.traveltogoldspring.blogspot.com/
Google Map: 1200 American Flat Rd, Gold Hill, Nevada 89440

3. GSPG team is Tier One. CEO Faber, previously 17 years as a CFO; COO Jim Golden - Open, Honest, Logical, Top Engineer, Low-Cost focus
4. GSPG has a smart board of directors.
5. GSPG has a top-notch, hand-picked technical team and consultants.

6. GSPG has the technology - Goldspring is making a digital 3-D model of the Comstock, old and new (GEM - Goldspring Exploration Model).

7. GSPG is focused on keeping costs low.

8. GSPG has performed extensive drilling and has a 3-D model that will continue developing with on-going drill plan probably past 100 holes, 71 reported December 2008.

9. GSPG has found gold and silver mineralization at shallow depths mineable by open-pit.

10. GSPG's first gold and silver ore body is still being defined due to its large size.
11. GSPG has a gold and silver reserve, ore in the ground, verified by third party American Assay.
("Ore" is where the earth has mineral content more profitable than the cost of mining it.)

12. GSPG has a leach pad with 5 cells in place with a 50% footprint increase planned.
13. GSPG has mining and processing equipment including a furnace.
14. GSPG is fully permitted.

15. GSPG has solid financing - with additional sources if necessary.
16. GSPG has low debt relative to reserve value.

17. GSPG is ready to start production when the mining plan is complete (probably within a few months).

18. GSPG's current market cap, shares x price per share (PPS), is under -valued compared to the growing value in gold and silver markets.

19. GSPG has a 25 year plan to exploit the Comstock.
(Proverb of Modern Mining - "Look for gold where gold has been found."
Refer to history links via link at last line.)

20. GSPG began a new phase of it's business life in November 2007. The potential to find large and rich reserves is worthy of consideration.

Those are just my opinions, based on public information - do your own DD (due diligence studies).

Extreme4Reality at Yahoo Financial Message Board
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