OTCQX:BGMZF - Post by User
Post by
boss_wazon May 04, 2015 9:11am
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Post# 23690660
[Bashers Worst Nightmare]
[Bashers Worst Nightmare]Is if BGM just starts mining and Milling the concentrated COW veins....
In my opinion:
To prove the grade of this land package, BGM ran a Test Pit and acheived the target grade (roughly 8gpt)....
BGM made 17 million using a 900tpd mill processing roughly under 100k tons of ore....give or take...
Each milling run came in at lower cost per ounce. BGM has targetted 700-800 per ounce....
BGM has a NEW experienced team...laden with previous expererience of much larger operations...
The NEW report on COW came in roughly at 3mio 11gpt...5mio (roughly) total...higher than the recent test pit...where they earned 17 mill on under 100k tons.
So far the land package has played out as expected and the gold produced has met targets...while costs appear to decline...
The bashers want detailed PFS EA etc priort to mining and milling the SELECT RICH VEINS ON COW.
I say keep the documentation LIGHT as the TEST PIT, 30,000 CORES, TRENCHES, HISTORICAL WORKINGS etc have already detailed the ore...
I wonder what SPROTT thinks?
- Sprott loaned BGM money and took SHARES in lieu of payments...
- Sprott bought additional SHARES on the open market...
In my opinion, processing COW veins will fund expanded operations for the REAL prize...ISLAND MOUNTAIN.