1 Million oz. and up. Message Board

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Gold/Mining/Energy : 1 Million oz. and up.

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To: D.McQ who wrote (20)	1/13/1998 5:58:00 AM
From: Robert Dydo	Read Replies (1) of 144

Hello Darlene. The company is trading on Nasdaq and their 0.91 translates to 1.30 Canadian. This is not a problem since company is listed only in US. Their cash was on September 30 in $78K but after receiving two payments from Sterling they would have $1.2M so this is okay. Inferred resource does not fall in category of proven or probable since the data used is the estimate on past production with reference to depths which, correct me if I am wrong have not been checked by any means(drilling). Some may argue but I believe the production figures from the beginning of the century and continuing in years for various mines are less than representative since the output was mainly from high grade veins and the figure of 1oz/tonne is something which is no more for Lower Brush Creek. This has been supported by the study done in 1991 which on average gives output of 0.5 oz per tonne on once more (12)channel(s) sampling which is less than what constitue the feasibility. The 3M oz is merely a potential not a fact unfortunately. I would be surprised if this fax would be published because in the post-Bre-x era these are very brave statements. In regards to control of 9 mines, only 5 were owned by BCMD where Ruby, Rising Sun, Kate Hardy and Omega were leases. Company has failed pay the options on first three and they are buying months on them literally. The mines are the historic "mines" sites, once more what would be the level of production from them since let's say 1991? The figure of 200 oz in 10 months of work in 1992 on Ruby with 7,300 tonnes extracted. That is 24 tonnes per day with 0.02oz per tonne. That is 0.93g/t. Less than sagnificant. Does not support Ruby production from 1940-41. Belief that would be a different case elsewhere without exploration is a strong one! Reference edgar-online.com Regards Robert

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