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Gold/Mining/Energy : Birim Goldfields Inc. (BGI-T)
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To: Bat Man who wrote (586)7/12/2000 11:05:49 AM
From: russwinter  Read Replies (2) of 922
 
Looks like they are finding better grades at the 40 meter depth (hole 55: 26-30m @ 6.33g, hole 61: 40-42m @ 4.29g, hole 67:44-46m @ 5.29g and hole 74: 46-50m @ 4.50g. The fairly consistent 2g grades near surface, would at least pay for the stripping costs of getting down there? I'm getting the sense that there might be a large zone of 2 g material, with occasional sweet spots, but how much will the drilling cost to prove out? Working capital is now about US 1 million. What's your read?
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