OTCQX:BGMZF - Post by User
Post by
bigbabon Aug 16, 2014 1:15am
261 Views
Post# 22848766
Yapoopski's Collosus minerals example.....
Yapoopski's Collosus minerals example.....at the time of bankruptcy were
160M in debt! , and needed to raise
70M to get into production and meet exisitng debt obligations
thats
230M for a mine that has the following resource estimate
| TABLE 1 MINERAL RESOURCES - DECEMBER 20, 2013 |
| Colossus Minerals Inc. - Serra Pelada Project |
| |
| Category | Tonnes
(000) | g/t Au | g/t Pt | g/t Pd | Oz Au
(000) | Oz Pt
(000) | Oz Pd
(000) |
| Indicated | 557 | 12.8 | 2.7 | 4.0 | 230 | 48 | 71 |
| Inferred | 88 | 8.6 | 1.7 | 2.5 | 24 | 5 | 7 |
yes folks thats 645,000 ounces ............
230M needed to fund a 645,000 deposit
YAPONSKI =
O-N-E G-I-A-N-T I-D-I-O-T !