Russ,
True, but I was looking for more concrete info and a 'positive' expression from BGI management about the possible impact Opon could have on the company vis-a-vis being a cash generator with GSR or any other potential suitor. This PR doesn't address this situation and although GSR needs only 50,000 oxide oz., it's not at all clear that BGI can accommodate this situation based on what I see here.
If we take that the 'main zone' surface gold is 200 meters long, 40 meters wide and 50 meters deep, we can project that there are roughly 920,000 tons of gold bearing material in the zone - using 2.3 tons/cubic meter. If there is an average of 2 g./ton, that would yield almost 60,000 oz. of gold at 31.1 g/oz.
I know that this is a stretch, and that it's the 'back of the envelop' approach, but this PR tells us very little about the Opon structure and its potential. I guess I just wanted to know more than they are willing to tell us.
As for the future, I guess Bui is what they are pinning their hopes on. For their sake, and the sake of all shareholders, I hope they are right. The drill program begins on ~ May 1/00.
Brian
|
