OTCQX:BGMZF - Post by User
Comment by
RedHorizonon Dec 07, 2012 4:40pm
162 Views
Post# 20700827
RE: RE: RE: RE: RE: BGM's Cash Runs Out in 2 Month
RE: RE: RE: RE: RE: BGM's Cash Runs Out in 2 Month How do you know Frank was compensated $7M by BGM in the past year? Because REX SAYS SO?
My understanding is that Frank's drilling company was always paid the same rate as the 3 other drillers they used. So that is not even a noteworthy point. Furthermore, money paid for drilling isn't all profit. What kind of profit margin do most companies have eafter expenses? 10%-15% is on the high end.
And, according to Peter George at least, the drilling he did was quite effective.
GLTA longs other than you know who...