re: up 20% in two days *** hopefully trouble is, i have spoken...

re: up 20% in two days *** hopefully trouble is, i have spoken to him several times, and he is always optimistic, and there are enough deals, to justify his optimism - however have a look at the following links

http://biz.yahoo.com/pz/040305/53757.html

March 5, 2004



GoldSpring Update: Direct Electrowinning (EMEW) Gold And Silver Recovery Plant Has Arrived At Plum And Is In Final Stage Of Set-Up – Recovery Capacity To Exceed 100 Oz AU & 200 Oz AG/Day.



Virginia City, NV: March 5, 2004 - GoldSpring, Inc. (OTCBB: GSPG) GoldSpring’s Direct Electrowinning (EMEW) gold and silver metals recovery plant announced on February 23rd has arrived at the Plum Mining Cyanide heap leach facility and is the final stage of set-up. This addition enables recovery capacity to exceed 100 oz gold and 200 oz silver per day. The Company expects this plant to be fully operational by March 15th. The simplicity of this system and its ability to recover gold at a cost of about $0.10 per ounce at this level of capacity is very good news for GoldSpring. The plant is modular and expandable and additional capacity to move to over 250 oz gold and 500 oz silver is being planned for early Q2 ’04.



The process is simple: Leach solution pregnant with gold and silver metals is pumped 24 hours a day through the EMEW plant. Every day the automated system is automatically flushed , the recovered paste is compacted, placed into a kiln and Dore bars are made and stockpiled in a secure facility for shipment to the refinery. The security of the recovered metals is preserved at a much higher level than allowed by the original Merrill Crowe System already owned by the Company. The Company plans to sell its Merrill Crowe system and purchase additional EMEW cells to expand recovery capacity even further in 2004.



Technical representatives of Electrowinning International of Vancouver have been at Plum for the past week and a factory representative from Australia will arrive next week to oversee and finalize operations.



There are approximately 80,000 tons of mined ore at the stockpile and on the leach pad. Agglomeration and leach pad loading is being accomplished 24 hours a day, while mining is still being operated at 2,000 – 2,500 tons per day.



This same system will work on copper as well and is planned as the recovery system of choice for the Company’s Big Mike Copper recovery project in Winnemucca, Nevada. Big Mike has 25 million pounds of already mined copper above ground and suitable for lacid leach recovery. The Company is pursuing an initial bulk testing program which leads the way for Q3 ’04 planned production.

now look at this link

http://goldspring.us/p-billie.htm

and to quote

Merrill Crowe Recovery Plant
GoldSpring has installed a new Merrill Crowe solution extraction plant at Plum replacing the EMEW direct electrowinning gold and silver recovery plant used during the start-up phase. The Merrill Crowe plant has a gold and silver recovery rate 4 times that of The EMEW plant.

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so at first they were going to use more emm cells, and get rid of the old merril crowe system - and next thing we know, is that they get rid of the emm system, and get a new merril crowe system