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Gold/Mining/Energy : Birim Goldfields Inc. (BGI-T)
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To: Bobby Yellin who wrote (553)4/28/2000 10:48:00 AM
From: russwinter  Read Replies (2) of 922
 
Exchanged e mails with David Jones and here is a summary of their thoughts:

Opon: Goal of course is to find low cost, near surface oxide material that could be trucked to one of three nearby mills. Drilling has been at surface for now. Ore is likely to be found in the underlying hard rock, but current POG justifies waiting on that. Opon is icing not a company builder prospect. However, the fact that there are two zones (Main and East)is encouraging.

Rest of Dunkwa: Same basic strategy as Opon. If material is found, there are three likely buyers south of Opon River, and ASL north. Strategy is to use cash flow to go elephant hunting without going to market (dilution).

Bui: They feel this is the elephant. Drilling starts next week at 6 km long Tombe-Parabu with 100 holes planned over the next couple of months.

These guys are clearly focused and have a master plan. No guarantees, but to me still a great risk-reward situation.
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