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Gold/Mining/Energy : Birim Goldfields Inc. (BGI-T)
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To: Gabe Heti who wrote (464)2/5/2000 2:15:00 PM
From: Brian MacDonald   of 922
 
Gabe,

If what you mean, 'is there a time limit to deliver the property to production'? I don't think there is because it would involve several unknowns such as getting the Ghanain Gov't to permit the exploitation of the property (Mampon) which is classed as a 'forest reserve' eventhough there aren't any trees on it.

These things can take time to change but as I understand it, Nevsun received approval and their property is in that same reserve - again, in an area that has no vegetation.

I would surmise that if ASL were to fold, the Mampon property would be considered an Asset of ASL and would have an 'Outstanding Liability' against it (i.e. the deal with BGI). Where that would take us is anyone's guess.

Brian
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