OTCQX:BGMZF - Post by User
Comment by
BGrahamon Jul 04, 2012 8:55am
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Post# 20080363
RE: My take so far on BGM and their latest NR:
RE: My take so far on BGM and their latest NR: Hear , Hear Bentonstocks!
In some the critiques already published, at least one of the prominent authors of these critiques has raised the issue of there being only an indicated and no inferred resource, and has said this is both suspicious and unusual. I find this rather odd, as an inferred resource is a technically far weaker certainty - it is inferred. Tying into point 4 above, the NR states that any of the resource blocks with INSUFFICENT drill data to be included as an indicated resource was classified as waste. It seems to me the QP has dumped any potential inferred resources into the category of waste pending further drill data. Wow, that seems irresponsible... Contrary to the somewhat inane concerns or red flags of some armchair critics, I find this technically more stringent rather professionally questionable or suspicious.