answer to weakness?, page-9

Yo Gerry

There's a heap of brokers reports on the BSG website. Carmichael uses US$50m ( Ozzie$68m). That was the report I was thinking of so I stand corrected

Sprott uses US$70m

Now I have never heard of a mine been done on time and on budget and the Canadian brokers have a better feel for Mexican things.

So let's add 20% to Sprott gives us US$84m or ozzie115m which is ozzie93m for BSG.

BSG will need to raise around $60m to be safe and give it plenty of cash still left in the till for contingencies

I reckon on todays price they would do it at 85c to get through. Maybe 90c but I doubt it unless they throw in some options

As I small time punter and a BSG fan I don't want to get burnt buying high when such a big issue could be on the cards. The big guys get in cheap and then there's a nasty overhang for a while as they profit take

need to be careful with this stock right now

Regards

nk