Thursday 12 January 2012

Brazilian Gold Corp BGC:TSXV low cost large scale open pit Sao Jorge Gold Project well positioned to weather gold price slump

Brazilian Gold Corp BGC:TSXV the fast track developer of the low cost open pit Sao Jorge Gold Project in northern Brazil reminds investors during a recent roadshow held in London, about the strong possibility the gold price may come off as the US economy improves and the US Dollar strengthens. Brazillian Gold's flagship Sao Jorge project will be a low cost large scale open pit operation
where cash production costs are expected to sit between 400 to 600 dollars per ounce. The company is well positioned to weather a downward pressure , gold price market.