OTCQX:BGMZF - Post by User
Comment by
Czechlateon Jan 30, 2015 10:49am
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Post# 23381742
RE:RE:RE:Gold
RE:RE:RE:GoldActually I run a placer mine and buy my fuel via tank truck as well. The only saving you get is by using marked diesel fuel which we can use at a mine and is free of any road tax. That results in a .17 cent a liter discount to pump prices. The fact I was pointing out is that a 30% drop in fuel cost will never ever result in a 2000% plus increase in bottom line. It is you who needs to do a little more studying of mine economics before you post garbage such as you did. The lower Canadian dollar may result in higher gold price in CAD$ but the equipment for mining which is not manufactured in Canada will be that much more expensive to purchase. Add 20% to the cost of a Cat excavator or Rock Truck and then tell me how much you have saved on fuel. LOL