Boulder processing gold at Indian River -- siempre lo mejor

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Date Posted: 08:48:34 09/14/05 Wed
Author: siempre33
Subject: Boulder processing gold at Indian River

when i read of a junior using todays spot price of gold when talking about their project economics of a possible deposit that might or might not be a mine in 6-7 years i immediately lose interest, imo they have to use a long term price, today for gold that would be about $400US.
what i like about BDR is we can use todays price because we are a "test producer" and we will sell our gold every week! lol we already imo have a mine in a world where the US $ is going to drop further, it isn't if, but when.

here are some numbers using $448.50US gold at a conversion of $1.20 and an 80% purity (stated grades are allready adjusted), we'll run the sluice at 400tph for 20 hours a day.

grade......$ per tonne......per hour.....per day
.250g/t----$4.32Cdn---------$1728.00-----$34,560.00
.350g/t----$6.06Cdn---------$2424.00-----$48,480.00
.500g/t----$8.65Cdn---------$3460.00-----$69,200.00
.650g/t----$11.24Cdn--------$4496.00-----$89,920.00
.750g/t----$12.97Cdn--------$5180.00-----$103,760.00

if test production and the test sampling numbers warrant it BDR will build/buy/renovate another sluice over the winter for the '06 season, and remember that we have a minimum 150 day sluicing season at IR.

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