Winter in the Great White North Message Board

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Strategies & Market Trends : Winter in the Great White North

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To: marcos who wrote (6065)	12/30/2004 11:53:14 AM
From: TrueScouse	Read Replies (1) of 8273

marcos: <They did do some sample mining following that release, here is the latest, sort of an annual project review - bouldermining.com ... plus a rough-out of a 12m tonnes/yr mine costing cdn25m to start up .... i don't have any Boulder yet..> Thanks for this. I missed this while I was away. I have a small position in BDR by the way. I've met the CEO a couple of times and was quite impressed with the story and his approach. And there's no beating seeing some vials with pieces of alluvial gold. Luvly stuff!! <vbg> I also liked the fact that the ex-Corner Bay people were on the Board, but he stressed that one of them is an old personal friend and that's how the connection was made. I agree with Eric that they would be better off to start with a smaller scale operation and use cash flow to build the project. Not sure if this is possible. I don't see how they'll get $25 million financing -- and I don't want them to raise it in the market at 15 cents a share! I think BDR will trade near its lows till the spring and then should wake up around PDAC time! Cheers, Howy

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