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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: marcos who wrote (6065)	12/24/2004 4:41:51 PM
From: E. Charters	Respond to of 8273

Their metre-depth-weighted average grade on the three sites is .412 grams per cubic metre. A metre is just shy of 1.3 yards. This is about $5.50 CDN per yard. I think their dream of raising 25 million to get going is a bit high. Perhaps they should take another swig and a pull on the stick. When the snowflakes get as big as dinner plates, and the last Led Zeppelin record is scratchin' on the last groove on the turntable, the money should be jes around the corner. If they get to 2000 yards a day by next year, I will personally walk out to the claims and shake their hand. 3 million is a more realistic level to tackle that op. EC<:-}

To: marcos who wrote (6065)	12/30/2004 11:53:14 AM
From: TrueScouse	Read Replies (1) \| Respond to 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