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

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To: Brian MacDonald who wrote (525)3/7/2000 7:19:00 PM
From: russwinter  Read Replies (1) of 922
 
I think your assessment is generally correct. Opon would work as a feeder to Bogoso, so the processing and capital costs are largely taken care of. If you have a bunch of low grade oxide ore in this location, then it could be quite profitable to ship over. The only question would be the royalty paid. Since nothing is priced into the stock, even a modest per ounce payment from GSR would be fundamentally bullish. Has anyone seen analyst comments on this yet? How about Van Doorn at Loewen?

The main sense I'm getting now about the Dunkwa concession is that BGI knows it well, and that there is plenty of gold there. And you're right, the stock price doesn't have a clue about that.
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