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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers
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To: Bearcatbob who wrote (43286)6/26/2007 10:56:34 AM
From: loantech  Read Replies (1) of 78417
 
Hi Bob,
WGI/WGDF is an American gold mining company with a fully permitted operation in California of all places.
1.Randall Oliphant and Ray Threlkeld of Barrick is the top management.
2.Fully permitted with 4 million AU ounces in all categories most of it in the resource category.
3.Cooperating with LA county to build the biggest 100 year waste dump for LA in the exhausted pits and next to the mine. WGI will sell stripping material to LA as cover for waste, what you and I called garbage for years. <G> Not yet etched in stone but that is the plan and on their website.
4.WGI has hedged about 35-40% of their production at an average of 801 so not too shabby. Necessary for their bank facility.
5.All permits and reclamation bonds in place first gold pour in January of 2008.
6.Planned 165K production of with all in costs including loan costs, royalties, etc of about 410 or so. This is all costs not the 335 or so most producers use. See tables on their website.
7.All brand new equipment delivered. New drills and plenty of exploration upside. If their model for non oxide holds up I would not be surprised to see another 2-3 mill ounces discovered.

westerngoldfields.com
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