Gold and Silver Juniors, Mid-tiers and Producers Message Board

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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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To: Rocket Red who wrote (57467)	3/12/2008 1:52:15 PM
From: marcos	Read Replies (2) of 78428

goz.v - that headline figure is deceptive, states open-pit only ... obviously some disappointment out there as to the underground resource calc, but that's how narrow-vein underground goes - you never want to spend what it takes to drill off more than three or four years in advance, it just costs too much, you mine away and drill ahead as you go ... ask EC - Bjorkdal has been compared to Timmins, which he knows well ... people are ignoring the fact that they've got an operating mill at which they're ramping up production now, today, currently 24k oz/yr heading to 50k-70k ... figure out cash flow on that, using pessimistic costs even ... we've got a planned position here, fair size, haven't been trading it but if it gets sold off much more i'll grab a few, why not

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