Barkerville Gold Mns Ltd BGMZF

RE: Auditor's Opinion? I've lost count of amount of MINERS

[tallestdude]

who have that standard, BOILER PLATE auditor's "uncertainty as to ongoing business" opinion as part of their financial records.  Big or small, it's there at the end of the financials on literally hundreds of miners. 

Under standard GAAP accounting principles, the auditor has a limited amount of choices as to what they can or cannot say in order to be held harmless from their reporting duties on any given set of books they audited.

I no more read HalcoHairRasingHackingHairballs brow beating with alarm, than I get upset at a child who dirties their diaper just before the christening ceremony gets to the baptism part.

Stating the obvious has to be done.  There are ALWAYS questions as to the ongoing nature of mining, if for no other reason than this is a DEPLETING RESOURCE biz model.  BGM and others are no more in the "growing gold business" than a thoraic surgeon is responsible for growing a new appendix when a diseased or ruptured one has just been removed.

And auditors are looking at history and trying to predict the future. 

Fortunately for all BGM longs, Eric Sprott, while being a numbers guy, is not more a GAAP auditor than that poor dangling donkey is coming down anytime soon in that photo.

I'm interested in what's happening now, and going forward.  Halcropskipalplop can go sit in the corner and smooze with GAAP auditors who aren't paid to look forward---that's not their job.  They are NOT mining analysts.  They aren't resource financiers.  They simply don't give a sh*t.  They simply want clean numbers and for the internal ratios to show they've done their job.

Here's a thought.   Go examine ALL the audited financials New BOD director Norm Anderson has read over the years on all of HIS ventures, especially since his most famous success story here a few years back.  He'll tell you the auditor's concerns going forward is just required observation from a list of observations GAAP auditors are allowed to chose from.  Nothng More Sinister.  That's a fact.