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Gold/Mining/Energy : Birim Goldfields Inc. (BGI-T)
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To: Bat Man who wrote (640)7/11/2001 5:52:58 PM
From: russwinter  Read Replies (2) of 922
 
Talked with David, and an IR is coming tomorrow on TWENTY HOLES at Mampon. He obviously couldn't just give them to me, except to say they are all economic. It didn't take much for me to tell that these guys are happy campers today. Another release will follow describing ASL activity on three other deposits. So ASL's cranking it loose there.

This puppy has been so quiet that a little dusting off of the royalty agreement with ASL is in order. The thing I like about BGI is that the stuff has been sold, unlike so many other junior plays where we HOPE it will be sold. This is a bird in the hand with the first 40,000 oz oxides at $20/oz, then $25/oz for the next 20,000, and then $30 above that. Then there is refractory ore at 10-15 oz. So this could get into the millions easily. Should we be talking about a couple tens of millions? We will see soon. And then on the Bui, with a shitload of cash.
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