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Politics : Gold and Silver Stocks and Related Commentary
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To: TrueScouse who wrote (17265)8/16/2005 10:42:11 AM
From: zebra4o1  Read Replies (1) of 18308
 
Thought I was the only one left following Boulder. While NW and Klondike Star are chasing the mythical Klondike motherload, Boulder is sticking with placer, which has been where 99.99% of all the gold taken out of the Klondike has come from.

It looks like the test mining program has been cut back considerably from what they were projecting in the June 1 press release. Its gone from three 60,000 square meter areas to two areas totalling 50,000 square meters. The sampling program is behind schedule too. But they should still be able to get more than enough data this year to decide whether the project is viable.

What I like about this project is that they are talking capex of $15 million, and could ramp up to production very quickly. It's not one of these giant open pit mines that will take $500 million in capex and 5 years until production.
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