Birim Goldfields Inc. (BGI-T) Message Board

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Gold/Mining/Energy : Birim Goldfields Inc. (BGI-T)

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To: Brian MacDonald who wrote (310)	9/29/1999 7:22:00 AM
From: Buckey	Read Replies (1) of 922

I have had the very boring BGI on the ticker for over two years and it is tightly held by big players. Those 30-100k orders seem large but they are just small chunks - I conclude the tight ownership simply by its trading patterns over the last few years. It trades rarely and never in the hands of short term traders. If gold continues up and overseas trading is showing strength once again this deal becimes sweeter and sweeter. Gold is up $10 bucks over night. Based on the sliding scale that is an aditional 6 cents in value added to BGI Further, in the event of an increase in the price of gold during the mining phase, Birim will receive, for all recovered ounces, an additional US$0.20 per ounce for each US$1.00 exceeding US$300 per ounce up to a maximum gold price of US$350/ounce 600,000 oz x .20 per ounce = $120,000 extra per ounce for each $ above $300 they get for the gold during the mining phase. $120,000/20,000,000 share = .6 cents per share/per$ of gold appreciation. This is just the marginal value of this deal alone.

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