Hi Askari, I think its a tad presumptuous to compare IDC with BDR. BDR has a proven track record, and will, probably be debt free within 9 months. BDR , with cash costs of well under $600U.S./oz and iron ore agreements with Zamin probably reducing cash costs to little more than $500U.S./oz in the near future makes this ,IMO, the outstanding goldie. The high grade Duckhead open cut fraction is an absolute cracker and may well extend its its working life into 2015. The company have over 5.2m oz au at about 1.90grams/au per ton. the open cut has a 10 year life with significant chances of prolonging the open cut mining in the future with the Mutun deposit, 20kms. to the SW of the main Tucano deposit. In the future underground mining of Urucum , currently converting resource to reserve,should extend the mine well beyond 2025. BDR have experience of mining in the wet season, have a well established infrastructure, sheeted roads and ,apparently well behaved pits. All mining entitlements are in place and ,IMO,they have the "Brazilian Advantage" , relatively low taxes and cheap reliable labour with cheap energy cost. BDR don't even need the Australian Tropicana deposit which I believe might be best left on the back burner ! IDC ,no the other hand haven't even proven up their million ozs ,except in the minds of the true believers, IMO they will need rather more than a million ozs, If there is another Porgera lurking within mineable depths the faithful could get lucky but I wouldn't bank on it! I'm not sure whether the "PNG Advantage" would trump the Brazilians but I doubt it. I query the low cash cost too. IMO its no contest but the incredible faith some put on IDC is mind boggling. My opinion only, so please don't get abusive. I hope I'm wrong but....... BOLTA!
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