OTCQX:BGMZF - Post by User
Comment by
Czechlateon Oct 31, 2014 12:57am
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Post# 23080288
RE:Everything on Sedar
RE:Everything on SedarI must say that if they can continue on the track laid in October and produce consistently at the rate of 4,000 ounces per month they can turn this around pretty quickly. Those numbers should net them close to 2 mil a month in net profits. Plenty to keep wolves away and fund continuing operations.
If they land a good quality CEO who really knows mining they could make a go of this operation without much dilution at all. They seem to have gotten a handle on the most important part of the process and that is generating positive cash flow. If all they say is true then the next quarterlies should reflect a very different gold mining operation then the last.
Getting that grade to stay consistent will be key. Does anyone here know the average grade assayed in the Bonanza Ledge??