Will be very interested to see the revised scoping study and reserves released soon, in the Nov scoping study, it was approx. 39mill all up incl crushing and elution which included $6.2m for grinding which we now have purchased for <$2mil plus transport costs. I would think even with those savings, we'd want to go in with ~$50mill to cover all startup costs and keep driliing, $10mill in the kitty in Jan would be down to sub $5mill now. I'd go full equity funding, esp if a raise can be done at ~80c, that would be ~60mill more shares so well under 200mill shares incl opts. With the reserves statement and revised scoping study should put a nice boost into BC8 on the back of a rising gold market. interesting few weeks coming up.
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- Ann: 6m @ 75.57g/t Au from 49m at Fingals Mining Centre
Will be very interested to see the revised scoping study and...
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