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Bullboard - Stock Discussion Forum BRALORNE GOLD MINES LTD BPMSF

GREY:BPMSF - Post Discussion

BRALORNE GOLD MINES LTD > Exploration
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Post by colbob on Jun 05, 2012 12:59pm

Exploration

They are constantly exploring however  they have already got three areas defined now where they can take ore. They don't need to raise money as they are making money ie 500 ounces a month.
Comment by golddigger88 on Jun 05, 2012 1:17pm
I don't barely breaking even with the current production.  You say 500 ounces a month, that is on average 17-18 oz a day.  That is only 800,000 dollars a month with a total of 9.6 million a year.  Surely mining operation cost sits at around 8-9 million a year. By the way, what are the 3 defined zones?  From what I am aware of, 800 BK was stoped in 2011, north vein zone in ...more  
Comment by Atrophiedmind on Jun 05, 2012 1:20pm
BC is looking pretty good these days when compared to other countries repatriating assets, increasing taxes, increasing ownership. Also it’s a lot cheaper to get stuff done here with the infrastructure, mining expertise and tax credits than in other jurisdictions. Anyone have any good juniors to look at besides this one? I’ve been following www ...more  
Comment by AlternativeView on Jun 05, 2012 5:53pm
FPX, HDA
Comment by golddigger88 on Jun 10, 2012 6:12pm
However if you compare it to other countries such as Mexico, countries in the South Americas and Africa, the cost is much larger.  Paying a miner 150,000 a year in BC compared to 50,000 in Mexico makes a huge difference.  Its also a lot cheaper to operate an exploration or production.   This isnt a good junior to be looking at unless they become a growing company not surviving....
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