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Bernard_Barouk

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Bernard_Barouk

Re: basserdan post# 194960

Friday, 01/23/2004 12:27:43 PM

Friday, January 23, 2004 12:27:43 PM

Post# of 704019
Basser - BENGUET GOLD MATH

Taking the yet to be produced KingKing mine Total Mineable Reserve, which used mineable cutoffs at .70 copper and 300 gold in 1998, and doubling these reserves ( as a SWAG to allow for much higer gold ( 420 ) and copper ( 1.10 ) prices now ) , comes to:

6.6 billion pounds of mineable copper
13 million mineable ozs. of gold

or

60+ Lbs of mineable copper
.125 Oz. mineable gold
per every .22 cent share of BENGF.ob stock outstanding.

Put another way, it is like buying gold for less than $2 an ounce.

Can you say FCX?

http://www.benguetcorp.com/html/explo2.html

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