OTCQX:BGMZF - Post by User
Comment by
Czechlateon Oct 31, 2014 12:13pm
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RE:RE:RE:I dunno
RE:RE:RE:I dunnoThe cost per ounce incurred at initial start up of a mine have absolutely no relevance to real cost of production. There are many expenses included in that initial start up that will not re occur once mining begins. Clearing the road ways and pit area of timber , building roads , stripping waste off the proposed pit , purchase or lease of running stock are all expenses that either disappear ore at the very least drop considerably once the mining operation and pit are established.
I am a miner so I know of what I speak. At 8 gram head grade BGM can and will make money. Look for those initial start up cost to fall in line with projected cost per ounce over the next couple months. I mine 2 gram per ton material and do very well at it.