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

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To: Bat Man who wrote (547)4/18/2000 10:39:00 PM
From: Brian MacDonald   of 922
 
Opon results should help to cement a better deal with Golden Star for the surface gold. The drilling will not give 'proven' ounces in the ground but will likely give a 'probable' number from which the companies can work out a deal.

If they can say with some assurance that there is at least 100,000 oz. and they can get $20/oz up front, with riders for extra production later a la Ashanti agreement, that would give them another $US 2 M. with which to drill the BUI property where they think they have several 'company-maker' deposits.

I would expect to see the drill numbers by Thursday since Friday is a holiday.

With virtually no trading taking place lately, and very few shares being offered for sale (what was spread for most of the day 0.28 X 0.35?), any interested parties will need to wait for some news from the company to hopefully get some cheap stock from the 'sell on news' crowd.

We should see the stock continue to go upward especially wit h the May 1 start date for BUI drilling.

Brian
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