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Gold/Mining/Energy : BALACLAVA MINING (BIL.V) -- Ignore unavailable to you. Want to Upgrade?

To: Elizabeth Andrews who wrote (94)8/24/1998 10:32:00 AM
From: charred  Read Replies (1) | Respond to of 139
 
Hello Elizabeth, I believe the reserves are in two zones. The minable ounces are based on the price of gold. At the moment, there probably is no resource because of the price of gold is so low.

Even if there was 350,000 ounces it isn't big enough to mine. Ecuador is a tough place to work.

They have to do a lot of work to prove more ounces. That is why I sold.

Another thing is that I don't like the deal they have. Cash and shares for only 70%.


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