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[QUOTE]Originally posted by luckylindy: [QB] Phases II & III Gold Production "The next step is for VHGI to construct a small 'pre-production' facility complete with a small test plant facility as we evaluate how quickly we can complete a 'full-scale' 6 ton per hour hard rock processing facility to implement full production," continued Renfro. "We are presently evaluating 12 month pro-forma financial models that show us to be cash flow positive within 120 days of commencing operations with first year revenues of $4.7 million and earnings of $3.4 million; second year revenues and income are forecast higher as the bulk of the expenses come from the initial construction costs." In a related note VHGI said they hope to release details confirming VHGI Gold management appointments within the coming weeks About VHGI and VHGI Gold VHGI is a diverse company with assets and interests focusing on opportunities within the Healthcare Technology Industry and Precious Metals Markets. VHGI Gold, a wholly owned subsidiary of VHGI has recently initiated steps to leverage the company's operating history and corporate resources within the Gold Mining Industry and intends to pursue these opportunities through Lease-Purchase opportunities, Acquisitions and Joint Ventures. Investors are invited to obtain information concerning our operations at http://www.virtualhealthtechnologies.com/ or http://www.vhgigold.com/ or by calling shareholder relations at 859-514-6982 [/QB][/QUOTE]
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