GSS opens closed mine. Production has started! EPS to skyrocket!
Take a look at beaten down value gold producer GSS - Goldenstar resources
They opened closed mine Pampe Pit early Sept
Production started already!!!
All infastructure & permits in place!
Insiders going crazy buying shares.
Earnings will soar as new production comes online.
The Pampe Deposit, an existing pit that was mined by Golden Star from 2007 to 2008, has all required regulatory permits and all necessary mining infrastructure in place. The Proven and Probable Reserves at Pampe are 1.7 million tonnes grading 3.5 grams per tonne (g/t) and totaling 191,000 ounces of gold. Initial mining will concentrate on a pit waste cut back to access ore below the existing pit floor. Once the waste cut back has been completed, mine production is expected to generate up to 75,000 tonnes of ore per month beginning in January 2012. The Company expects mined grade of ore to average 3.5 g/t Au with metallurgical recovery of approximately 80%.