Birim Goldfields Inc. (BGI-T) Message Board

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

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To: Gabe Heti who wrote (500)	2/15/2000 6:56:00 AM
From: Brian MacDonald	of 922

Gabe, I don't know. However, my point is that I can't see that happening. If Ashanti were permitted to fail, the liability of the banks and partners is something in the order of at least 11,000,000 oz. X the price of gold ($US 310 right now and if that were to happen it would be much higher) as they would need to buy the gold in the open market. Also, without the hedging debacle, most of the big mines are very profitable at much lower prices. In my mind they will find a way around Ashanti's commitment because to not do so would mean financial ruin for many of them. Anyway, right now Birim is trading as though it had no prospects, a market cap that is lower than any potential deal(s) that could be made for the other properties Birim holds and no recognition of the future (near?) source of income from the mining of the Mampon property. With two exploration targets going under the drill shortly, we shouldn't trade at these levels much longer - at least I hope we don't. Brian

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